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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