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Urstadt Biddle Properties Inc. Announces the Sale of Townline Square Shopping Center in Meriden, Connecticut

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GREENWICH, Conn.--(BUSINESS WIRE)--Urstadt Biddle Properties Inc. (NYSE: UBA and UBP), a real estate investment trust, announced today that is has completed the sale of its 315,000 square foot Townline Square Shopping Center located in Meriden, Connecticut. The HFF team led by Jim Koury exclusively represented the seller in the transaction and introduced the private real estate investment group who acquired the property for an all cash price of $44,500,000. The Company will use the proceeds to

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