Cedar Shopping Centers has bought two new England shopping centers for $47.3 million, one in Massachusetts and one in Connecticut. Cedar purchased Fieldstone Marketplace in New Bedford, Mass. and Jordan Lane Shopping Center in Wethersfield, Conn. "In both cases, Cedar Shopping Centers acquired quality grocery-anchored shopping centers that will provide a stable cash flow for years to come from a quality tenant roster," said Chris Angelone of CB Richard Ellis/New England, who worked with Bill Moylan and Leslie Faraci on the transaction. WP Realty, the buyer, was also represented by CB Richard Ellis. The two centers are nearly 100 percent leased, according to Angelone. Fieldstone Marketplace is a 194,351-square-foot shopping center just off Route 140 in New Bedfor...
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