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MEDFORD, MA-Charter Realty & Development Corp. and Regency Centers Corp. have closed on the acquisition of Fellsway Plaza, a 150,000-square-foot neighborhood center here anchored by a recently constructed Stop & Shop. The purchase price was not disclosed.

Dating from as far back as the 1950s, the Boston-area property was acquired from Berenson Associates of Boston, its original developer, through a joint venture between Charter and Regency. Permanent and development financing for the transaction was provided by PNC BankHank Blake of Blake Commercial Property Group represented the JV.

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