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Vastgood, Prudential JV Acquire 7 Shopping Centers for $104M

Vastgood Properties LLC, in a joint venture with an affiliate fund managed by Prudential Real Estate Investors, has acquired seven grocery-anchored shopping centers located across central and eastern Pennsylvania for approximately $104 million, or about $173 per square foot, from affiliates of Cedar Realty Trust Partnership, LP and Homburg Holdings (US), Inc. The retail portfolio represents an ...

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