Bloomberg News

Elad Canada Completes Purchase of Debt for Property

February 05, 2012

(Corrects month in last sentence.)

Feb. 5 (Bloomberg) -- Elad Canada Inc. said it has completed the acquisition of an existing loan as an investment in a property in a business area of Chicago. The property has been refurbished and its commercial areas will be rented during 2012 to tenants such as Target Corp. and DSW Inc., Elad said in a statement to the Tel Aviv Stock Exchange on Feb. 4.

--Editors: Susan Lerner, Claudia Maedler

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Calev Ben-David at cbendavid@bloomberg.net


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