Cedar Shopping Centers Inc. this week announced it has closed on the purchase of six shopping center properties located across the eastern United States.

Cedar, a real estate investment trust that focuses on properties located in mid-Atlantic and New England states, paid approximately $117 million for the portfolio, which includes nearly 870,000 square feet of gross leasable area.

Two of the properties are located in Massachusetts, with one in Connecticut, one on Long Island (New York), one in Maryland and one in Pennsylvania.

In addition, Cedar closed on the purchase of a development parcel of approximately 15.5 acres immediately adjacent to its existing supermarket-anchored property in DuBois, Pa., and an approximate two-acre development parcel immediately adjacent to its Sam’s Club and Home Depot-anchored Brickyard Shopping Center in Berlin, Conn. The aggregate purchase price for the two development parcels was approximately $2.6 million, funded from the company’s secured revolving credit facility.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription