REIT bags East Coast mall

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

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. *** What's your opinion? Send your Letter to the Editor to