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.