4-11-14

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Rumley & Gartner of Metro Commercial negotiate sale Cedar Realty Trust acquires Quartermaster Plaza for $92.3 million P HILADELPHIA, PA — Cedar Realty Trust, Inc. announced that

ISSUE HIGHLIGHTS Volume 26 Issue 7 April 11 - 24, 2014 Financial Feat. Appraisal Spotlight

MORRISTOWN, NJ — G.S. Wilcox &Co. announced that they have arranged fi- nancing totaling $19,950,000 arranged by David Fryer , principal of G.S. Wilcox & Co. A loan totaling $19,950,000 was originated with Redwood Commercial Mortgage Cor- it closed on the acquisition of Quartermaster Plaza in Philadelphia, a 456,000 s/f grocery-anchored shopping center. The shopping center is 98% occupied and anchored by a BJ’s Wholesale Club. The asset was acquired for $92.3 million, including the assumption of $53.4 million of fixed rate debt. The acquisition is expected to be funded with anticipated pro- ceeds from asset sales. Pending such proceeds, the acquisition will be initially funded using the company’s credit facility. Quartermaster Plaza is lo- cated in the heart of the South Philadelphia retailsubmarket. Built in 2004, Quartermaster Plaza is situated on over 43 acres, with approvals for up to an additional 98,000 s/f. It is adjacent to Cedar’s South Philadelphia Shopping Center, a 283,000 s/f center anchored by a market-dominant Shop- Rite supermarket. With the strategic combination of these centers, Cedar owns 739,000 s/f,

7-17A

Lee & Associates reps. seller in $8.45m sale

Quartermaster Plaza

representing 22% of the South Philadelphia retail submarket. Further, Cedar now owns 5 shopping centers in the city of Philadelphia, with an aggregate of 1.3 million s/f and an aver- age population of over 300,000 people within 3-miles of our centers. With this acquisition,

Cedar is now the owner of the most open air shopping center square footage in the city of Philadelphia of any public shop- ping center REIT. “We are excited about the acquisition of Quartermaster Plaza. The acquisition fits per- fectly into our Washington DC

to Boston footprint and is con- sistent with our evolving view of the grocery business,” said Bruce Schanzer, president and CEO. The sale was negotiated on the buyer's behalf by Metro Commercial principals Paul Rumley and Steven Gartner. 

FC-B

Marcus &Millichap announces $47.25m sale

G.S. Wilcox&Co. closes $19.95million infinancing

FC-C

Directory

45 Brunswick Avenue in Edison, NJ

DelMarVa ................................................................5-6A Pennsylvania ................................................... SecƟon C Eastern PA .............................................................5-11C TriState OrganizaƟon ................................................19A New Jersey ...................................................... SecƟon B Southern New Jersey.............................................5-12B Financial Digest Feat. Appraisal .............................7-17A

in the Town of Clarkstown in Rockland County, NY. The rate was fixed for 10 years with a 30 year amortization. G.S. Wilcox & Co. is a full service mortgage banking firm which originates, underwrites, and services commercial real Rockland County Portfolio

poration with the borrower being Associates of Rockland County, LLC. The loan is for four flex warehouse buildings consisting of 210,563 s/f. The subject property is located at 612 & 614 Corporate Way, and 704 & 706 Executive Blvd.,

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estate mortgage loans. Locat- ed in Morristown, New Jersey the firm currently services $920 million in commercial real estate loans. G.S. Wilcox & Co., founded in 1994, is celebrating its 20th year anniversary. 

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