Cedar Realty Trust, Inc has purchased the Big Y Shopping Center located in Bethel, Connecticut for $34.5 million or $335 per square foot. Cedar Realty Trust is a real estate investment trust with a portfolio consisting of roughly 10 million square feet of space along the east coast. The trust specializes in grocery-anchored shopping centers.
The Big Y Shopping Center is comprised of a 101,000 square foot shopping center that is fully occupied. The property is located along Route 6 (Stony Hill Road) in Bethel, and has a population of 103,000 within a five miles radius with an average household income of $92,000.