Inside Long Island Business

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Cedar Realty acquires Philadelphia shopping center

A Google street view image of the Quartermaster

(Credit: Google)

Cedar Realty Trust Inc., a Port Washington-based real estate investment trust, has acquired a shopping center in south Philadelphia — adding to its presence in the city of brotherly love.

The shopping center-focused REIT acquired Quartermaster Plaza for $92.3 million, including the assumption of $53.4 million of debt. The 10-year old,  456,000-square-foot shopping center is anchored...

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