Cedar buys New England retail center

Price per square foot at $173

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Cedar Shopping Centers Inc., a real estate investment trust, recently paid more than $17.6 million for a large retail plaza in Webster, Mass. The property, Price Chopper Plaza, totals 102,000 square feet and is conveniently located close to the town center at the intersection of I-395 and Route 12. The seller's identity was not disclosed. At the time of sale, tenants at the property included Price Chopper Supermarket, Fashion Bug, Papa Ginos, D'Angelo's, and a freestanding CVS and Burger King. ...