Cedar Shopping Centers to Purchase Massachusetts Center for $23.5M

Cedar Shopping Centers, Inc. CDR today announced that it has entered into a definitive agreement to purchase Northwoods Crossing in Taunton, Massachusetts, on behalf of the joint venture between Cedar (20%) and RioCan Real Estate Investment Trust of Toronto, Canada (80%). Cedar also entered into a definitive contract to sell Fairfield Plaza, a non-core property, in New Milford, Connecticut.