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. | |
---|---|---|
+3.94% | 4.83TCr | |
-9.57% | 1.3TCr | |
-8.00% | 1.14TCr | |
-30.10% | 993.97Cr | |
-2.04% | 774.1Cr | |
-2.32% | 684.85Cr | |
-1.67% | 621.44Cr | |
-7.35% | 573.24Cr | |
-3.06% | 486.75Cr |