Slate Retail REIT (TSX:SRT.UN) entered into a binding agreement to acquire North Lake Commons in Chicago from Federal Realty Investment Trust (NYSE:FRT) for $15.6 million on September 1, 2017. Under the terms of deal, Slate Retail will pay $122 per square foot. Deal is subject to customary closing conditions and is expected to be completed in the third quarter of 2017.

Slate Retail REIT (TSX:SRT.UN) completed the acquisition of North Lake Commons in Chicago from Federal Realty Investment Trust (NYSE:FRT) on September 25, 2017.