Cedar bags Pennsylvania shopping plaza
Weis supermarket anchors property
By Inman News, Tuesday, April 6, 2004.Inman News®
Cedar Shopping Centers purchased a 130,000-square-foot community shopping center in Carbondale, Pa.
The value of the transaction was approximately $4.5 million.
The property is anchored by an approximately 52,750-square-foot Weis supermarket, with a lease ending in 2016. Other tenants include a CVS drug store, Blockbuster Video, Pennstar Bank and Burger King.
The center also contains an approximately 50,000-square-foot, vacant, former Ames store, which the company intends to rebuild for certain projected new tenancies.
Conshohocken, Pa.-based Fameco Real Estate brokered the sale of the property and will act as exclusive leasing agent for vacant premises at the center.
Port Washington, N.Y.-based Cedar Shopping Centers Inc. is a fully integrated, self-administered and self-managed real estate company.
Send a comment or news tip to our newsroom.
Please include the headline of the story.
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
You must login or register to post a comment.