Pr. George's shopping center acquired by New York investment trust

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A New York-based real estate investment trust has entered Greater Washington with the acquisition of East Gate Shopping Center in Lanham. ShopOne Centers REIT Inc. says part of its acquisition criteria for shopping centers includes national anchors and regional tenants and being well-positioned within the market's strongest retail corridor. While the terms of the acquisition were not disclosed, another criteria for ShopOne is a $10 million minimum deal size with preference for portfolios. East...

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