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NORTH PLAINFIELD, NJ-When it comes to institutional-quality shopping centers, it’s 2007 all over again, says Joseph Lowry at Levin Management. “While their acquisition criteria and ‘sweet spots’ vary somewhat, most institutional investors and fund managers today are still looking for class-A, dominant grocery-anchored shopping centers located in gateway markets,” Lowry, director of acquisitions and business development at North Plainfield-based Levin, writes in a commentary. At the height of the market in ‘07, he observes, “these centers were trading at very low cap rates, and we are seeing those pricing levels once again in 2013 for true institutional quality retail centers.”

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