other material
confidence high
sentiment neutral
materiality 0.55
Cedar Realty Trust sells Webster Commons retail center for $14.5M, pays down $9.1M loan
CEDAR REALTY TRUST, INC.
- Sold Webster Commons, a 98,984 sqft retail center in Webster, MA, for $14.5 million.
- Net proceeds from the sale totaled $13.9 million.
- Used $9.1 million of proceeds to pay down term loan with Guggenheim Real Estate, releasing property from collateral.
- Sale completed on February 11, 2025.