Medalist Diversified REIT Inc. said its subsidiary MDR Ashley Plaza, LLC entered into a purchase and sale agreement to sell the 156,012-square-foot Ashley Plaza retail property in Goldsboro, North Carolina, to HPX Goldsboro Ashley Center LLC for $16.6 million, subject to customary prorations and adjustments. The buyer is to post $300,000 in earnest money in two installments, and the transaction is expected to close within 90 days, though closing conditions remain.
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