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Cole REIT Pays $124M for Canarsie Plaza

Acadia Realty Sells South Brooklyn Shopping Center
By Justin Sumner
CoStar News
December 13, 2012 | 4:40 P.M.

Cole Credit Property Trust IV, Inc., an affiliate of Cole Real Estate Investments, has acquired the Canarsie Plaza shopping center located at 8925 Avenue D and 856-860 Remsen Ave. in Brooklyn, NY for $124 million, or about $446 per square foot.

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