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REIT Buys Burwood Village Center for $16.6M

Food Lion-Anchored Shopping Complex Changes Hands
By Rebecca Payne
November 15, 2011 | 10:06 P.M.

Phillips Edison-ARC Shopping Center REIT Inc. acquired the Burwood Village Center in Glen Burnie, MD, from Katz Properties LLC and Klein Enterprises for $16.6 million or $157 per square foot.

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