Broad Street Realty completed the merger with MedAmerica Properties.

Broad Street Realty, a fully integrated and self-managed real estate company that owns, operates, develops and redevelops primarily grocery-anchored shopping centers and street retail-based properties, completed the merger with MedAmerica Properties, which engages in the provision of real estate management business. Financial terms were not disclosed. "Over the past several years, MedAmerica has reviewed and pursued numerous acquisition/merger opportunities. Broad Street represents a unique and exciting partner for MedAmerica. Not only does the Broad Street portfolio of shopping centers represent a collection of well-located, diversified neighborhood shopping center properties, the company also possesses strong continuing cash flow and equity value. Broad Street is managed by a seasoned team of professionals led by Michael Z. Jacoby, Broad Street's CEO who has more than 30 years of experience in the commercial real estate industry," Gary O. Marino, MedAmerica Chairman.