Philadelphia — Paramount Realty Services has sold Northeast Tower Center, a 500,000-square-foot regional shopping center located at 4600 Roosevelt Blvd. in Philadelphia. Brad Nathanson of Institutional Property Advisors (IPA), a division of Marcus & Millichap, brokered the transaction. The buyer
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Philadelphia — JLL has negotiated the $114.2 million sale of a portfolio of five grocery-anchored retail centers in the Philadelphia area. The properties include Lionville Shopping Center in Lionville, located west of the city; Marketplace at Westtown in West Chester,
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Camp Hill, Pa. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $90 million sale of Camp Hill Shopping Center. The property is located at 3301 Trindle Road in the borough of Camp Hill, roughly
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Jenkintown, Pa. — Institutional Property Advisors has arranged the sale of Noble Town Center, a 167,689-square-foot shopping center located roughly 10 miles north of Philadelphia’s Center City district in Jenkintown. Brad Nathanson of IPA represented the seller in the transaction
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Hamburg, Pa. — Colliers International has negotiated the sale of a 37,840-square-foot retail center located at 552 State St. in the Lehigh Valley city of Hamburg. Pennsylvania-based grocer Weis Markets anchors the center. Scott Horner and Derek Zerfass of Colliers
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Matamoras, Pa. — ShopRite will open a 73,000-square-foot grocery store within the former Kmart building at Westfall Town Center in Matamoras, located along the New Jersey-Pennsylvania border. The opening is scheduled for this fall. Metro Chicago-based CenterPoint Properties owns Westfall
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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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