CEDAR/RIOCAN JV CLOSES ON $91 MILLION RETAIL ACQUISITION

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MARYLAND, PENNSYLVANIA AND VIRGINIA — A joint venture between Cedar Shopping Center and RioCan Real Estate Investment Trust has closed on its previously announced acquisition of a five-property retail portfolio for approximately $91 million. The portfolio totals 678,000 square feet; four of the centers are anchored by Giant Food Stores. The properties include Marlboro Crossroads in Upper Marlboro, Md.; Gettysburg Marketplace in Gettysburg, Pa.; Northland Center in State College, Pa.; York Marketplace in York, Pa.; and Towne Crossing in Midlothian, Va.

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