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PORT WASHINGTON, NY-Cedar Shopping Centers, based here, has completed the purchase of Fieldstone Marketplace in New Bedford, MA and Kent Plaza shopping centers in Kent, OH. The REIT also terminated an agreement for a center in Bay City, MI.

Fieldstone is a 194,000-sf community shopping center anchored by a 68,000-sf Shaw's supermarket. The purchase price was $26.2 million and the acquisition was effected by assumption of a first mortgage of approximately $19 million and payment of approximately $7.2 million in cash drawn from the company's revolving credit facility.

The 82,000-sf Kent Plaza is anchored by a 56,600-sf Gabriel Brothers store and an 18,700-sf North Coast medical facility. It is unencumbered and was purchased for $4.75 million in cash drawn from the revolving credit facility. Both deals were exclusive of closing costs and adjustments.