Cedar REIT enters $92M, five-center deal
Cedar REIT
Port Washington-based Cedar Shopping Centers Inc. is part of a new $92-million deal to buy five centers, most of them anchored by supermarkets.
Giant Food Stores are the major tenants at four of the shopping centers.
The properties are in Gettysburg, York and State College, Pa.; Upper Marlboro, Md.; and Midlothian, Va. They have a 96 percent overall occupancy rate, Cedar says.
Cedar's partner in the deal is a Canadian company, RioCan Real Estate Investment Trust.
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