REIT bags East Coast mall

Cedar Shopping Centers purchased Franklin Village Marketplace, an approximately 255,000-square-foot shopping center, plus an adjacent 36,000-square-foot office building in Franklin, Mass.

The total purchase price was approximately $73 million.

Stop & Shop is the principal anchor tenant; other tenants include Marshalls, Radio Shack, Payless, Bath & Body Works and Applebees.

T.R.B. & Associates Inc. represented the seller, whose identity was not disclosed.

Cedar Shopping Centers Inc. is a self-managed real estate investment trust operating in Pennsylvania, New Jersey, Massachusetts, Maryland and Connecticut.

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