Cedar Realty Trust, Inc. announced that it recently closed on the acquisition of East River Park Shopping Center in Washington, D.C. The 150,000 square foot, 93% leased, grocery-anchored neighborhood shopping center was acquired for $39.0 million including the assumption of $20.5 million in fixed rate debt. The shopping center is anchored by a high-volume Safeway and is located at the intersection of Benning Road and Minnesota Avenue with a Metro station one block from the asset. The shopping center is part of a solid trade area with a median three-mile household income of $60,000 and a three-mile population of 230,000.
1st Jan change | Capi. | |
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+2.72% | 47.76B | |
-9.57% | 12.99B | |
-7.67% | 11.4B | |
-31.81% | 9.92B | |
-2.11% | 7.74B | |
-3.49% | 6.85B | |
-2.03% | 6.19B | |
-8.82% | 5.69B | |
-2.80% | 4.88B |