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REIT Completes Acquisition of Smithfield Plaza for $9.4M

Cedar Shopping Centers Adds Final Space to Retail Portfolio
By Cassandra Jones
December 10, 2008 | 9:52 P.M.

Cedar Shopping Centers Inc., a Port Washington, NY-headquartered real estate investment trust, acquired the remaining portion of Smithfield Plaza at 1248-1290 Benn’s Church Road in Smithfield, VA, from Smithfield Plaza Associates LLC for nearly $9.38 million, or about $105 per square foot. Cedar already owned most of the shopping center. This sale completes the total acquisition of the portfolio.

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