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Cedar Realty Explores Sale of Company, Including 53 Grocery-Anchored Shopping Centers

Company Hires JLL, CBRE in Resuming Plan Interrupted by Pandemic To Pursue Strategic Alternatives
The Walmart-anchored Southington Center in Southington, Connecticut, typifies Cedar Realty Trust’s holdings. (CoStar)
The Walmart-anchored Southington Center in Southington, Connecticut, typifies Cedar Realty Trust’s holdings. (CoStar)
CoStar News
September 10, 2021 | 6:54 P.M.

Cedar Realty Trust, which believes the real estate it owns is undervalued, has hired JLL and CBRE to begin exploring the sale of its portfolio of 53 U.S. shopping centers spanning more than 7.6 million square feet.

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