Cedar builds retail portfolio in 2 states

Cedar Shopping Centers Inc. has purchased four shopping centers totaling approximately 481,000 square feet in Michigan and Pennsylvania.

The total value of the transactions was approximately $26.3 million.

Acquisitions include:

--The Clyde Park Shopping Center in Wyoming, Mich., which comprises 117,000 square feet and is anchored by an 85,000-square-foot Value City store;

--The Stadium Plaza Shopping Center in East Lansing, Mich., totaling 80,000 square feet, with a newly built, but presently unoccupied, Borman's supermarket;

--The Dunmore Shopping Center in Dunmore, Pa., which has 101,000 square feet and is anchored by Consolidated Stores and Enyon Furniture;

--The Point at Carlisle Plaza in Carlisle, Pa., containing 183,000 square feet and anchored by Bon Ton, Office Max and Dunham's.

Cedar Shopping Centers Inc. is a real estate investment trust focused on supermarket-anchored shopping centers and drug-store-anchored convenience centers.

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