Corporate Profile for Milestone Properties Inc., dated Dec. 4, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Dec. 4, 1998
Company Name: Milestone Properties Inc.
Address: 150 E. Palmetto Park Rd., 4th Floor
Boca Raton, FL 33432
Main Telephone
Number: 561/394-9533
Chief Executive
Officer: Leonard S. Mandor
Chief Financial
Officer: Robert A. Mandor
Investor Relations
Contact: Karen Renza
Business number: 561/394-9533
Public Relations
Contact: Karen Renza
Business number: 561/394-9533
Trading Symbol/
Exchange: MPRP/MPRPP/OTC Bulletin Board
Industry: Real Estate
Company description: Milestone “Milemarker” redirects here. For the American indie rock band, see Milemarker (band). A milestone or kilometre sign is one of a series of numbered markers placed along a road at regular intervals, typically at the side of the road or in a median. Properties Inc., is primarily engaged in a single business industry, commercial real estate, which currently involves the ownership, operation and management of 35 interests in commercial real estate properties consisting of 10 fee interests and wraparound Wraparound A financing device that permits an existing loan to be refinanced and new money to be advanced at an interest rate between the rate charged on the old loan and the current market interest rate. notes. The Company's objectives are to realize upon, maintain and improve the value of the Company's real estate holdings and to generate cash flow. To accomplish these objectives, the Company, directly and through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , engages in the business of owning, acquiring, managing, developing and investing in real estate and real estate related assets. The Company may also enter into joint ventures or similar arrangements with developers or owners of shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into or other commercial properties. |
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