Urstadt Biddle buys Passaic shopping center - Seeking Alpha

Urstadt Biddle buys Passaic shopping center
Seeking Alpha
The purchase was funded with cash on hand and the assumption of a first mortgage in the amount of $3.5M, with interest rate of 4.64%. Urstadt Biddle (NYSE:UBA) intends to enhance the appearance of the property by adding a drive-thru for the bank tenant ...