Tunkhannock, Penn. — Cleeman Realty Group has arranged the $4.8 million off-market sale of Village Center Shopping Center in Tunkhannock. The 68,000-square-foot center is anchored by Weis supermarket and the local DMV. The property sits on 6.9 acres and was
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Pittsburgh — American Eagle Outfitters, Inc. (NYSE: AEO) has announced plans to close hundreds of its flagship American Eagle stores over the course of the next few years, while seeking to grow the company’s more successful lingerie and active-wear brand, Aerie, into
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Pittsburgh — CBL Properties, a Tennessee-based retail REIT, has debuted Live! Casino Pittsburgh, a $150 million entertainment destination that operates out of the company’s Westmoreland Mall in metro Pittsburgh. The Cordish Cos. of Baltimore developed the 100,000-square-foot casino and will
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Philadelphia — Urban Outfitters reported an 8.4 percent sales decrease for the two months that ended Dec. 31, 2020 relative to that period in 2019. The Philadelphia-based apparel retailer said that lower sales within its brick-and-mortar stores were partially offset
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Harrisburg, Pa. — Ollie’s Bargain Outlet has reported its comparable store sales for third-quarter 2020 rose 15.3 percent over third-quarter 2019. As of the end of the third quarter, which ended Oct. 31, the Harrisburg-based retailer operated 385 stores in
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Pittsburgh — Dick’s Sporting Goods reported a 23.2 percent increase in same-store sales for its fiscal third quarter that ended Oct. 31, the company’s best performance in that metric since going public nearly two decades ago. In addition, the Pittsburgh-based
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York, Pa. — Institutional Property Advisors, a division of Marcus & Millichap, has negotiated the sale of York Marketplace, a 304,974-square-foot retail power center in York. A 125,353-square-foot Lowe’s Home Improvement store anchors the property along with a 74,541-square-foot Giant
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Wayne, Pa. — Pet Valu Inc., a specialty retailer of pet food and supplies, has opted to wind down its U.S. operations. The retailer will close all 358 stores in the Midwest, Northeast and Mid-Atlantic, as well as its warehouses and
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Chattanooga, Tenn. and Philadelphia — Against headwinds brought on by the COVID-19 pandemic, CBL & Associates Properties Inc. andPennsylvania Real Estate Investment Trust (PREIT) filed for Chapter 11 bankruptcy protection on Sunday, Nov. 1. PREIT Philadelphia-based PREIT owns and operates
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Burnham, Pa. — JLL has arranged an undisclosed amount of acquisition financing for Greater Lewistown Plaza, a 185,282-square-foot, grocery-anchored shopping center located in the Central Pennsylvania town of Burnham. Grocer Weis is the anchor tenant at the 22-acre property, and
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Hummelstown, Pa. and Berlin Vt. — Heidenberg Properties Group is redeveloping two retail properties in the midst of the coronavirus pandemic. The Closter, New Jersey-based owner and developer is working to redevelop Hershey Square Shopping Center in Hummelstown and Berlin
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Louisville, Ky. — Papa John’s International (NASDAQ: PZZA) has signed a store development agreement that will allow the Louisville-based pizza chain to open 49 new stores in the Philadelphia and Southern New Jersey areas between 2021 and 2028. Franchisee HB
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