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BERLIN, CT-Cedar Shopping Centers, Inc., of Port Washington, NYhas signed a definitive agreement to acquire the Brickyard ShoppingCenter here for $23.9 million. The deal with an unnamed pensionfund is expected to close prior to year's end.
The 274,000-sf complex is anchored by a 110,000-sf Sam's Cluband a 103,000-sf Home Depot. The purchase price includes closingcosts and is expected to be fully funded from Cedar's securedfloating-rate credit facility. Geoffrey Millard of Cushman &Wakefield of Massachusetts represented the seller in thetransaction.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
