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Brickyard Shopping Center Is Focus of $29M Deal

BERLIN, CT-The Brickyard Shopping Center, which is anchored by Home Depot and Sam's Club, is changing hands. Cedar Shopping Centers Inc. of Port Washington, NY has signed a deal to acquire the 274,000-sf complex here for $29.3 million.

By John Jordan | Updated on December 21, 2004

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BERLIN, CT-Cedar Shopping Centers, Inc., of Port Washington, NY has signed a definitive agreement to acquire the Brickyard Shopping Center here for $23.9 million. The deal with an unnamed pension fund is expected to close prior to year’s end.

The 274,000-sf complex is anchored by a 110,000-sf Sam’s Club and a 103,000-sf Home Depot. The purchase price includes closing costs and is expected to be fully funded from Cedar’s secured floating-rate credit facility. Geoffrey Millard of Cushman & Wakefield of Massachusetts represented the seller in the transaction.

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