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by CareyBot

Cedar Shopping Centers Inc. today announced it has acquired two supermarket-anchored properties located in Massachusetts and Pennsylvania totaling 264,000 square feet. The total value of the transactions was approximately $42.5 million. The first property, Shaw's Plaza, is a 176,000-square-foot shopping center located in Raynham, Mass. Cedar paid approximately $29 million for the asset, which is anchored by a 60,748-square-foot Shaw's supermarket and a 25,752-square-foot Marshalls. The second property, Stonehedge Square, is an 88,000-square-foot center located in Carlisle, Pa. Nell's Market, a 51,687-square-foot supermarket affiliated with American Wholesale Grocers, anchored Stonehedge Square at the time of sale. Cedar paid approximately $13.5 million. Shaw's Plaza is located near The...