Philadelphia — Michigan-based REIT Agree Realty Corp., has acquired the 11,500-square-foot flagship store of Wawa, a chain of gas stations and convenience stores serving the East Coast, for approximately $15 million. The store is situated within the 13-story Public Ledger Building, located adjacent to Independence Hall in the Center City area of Philadelphia. The store is the largest of the Wawa’s chain and includes a bakery, merchandise and an expanded selection of the company’s reserve coffee products. The seller was not disclosed.
King of Prussia, Pa. — German discount grocer Aldi will open a 19,230-square-foot store at the 119,000-square-foot King of Prussia Center, located 20 miles northwest of Philadelphia in Montgomery County. Jeffrey Cohen and Nelson Wax of CBRE represented the landlord, D&P Associates, in the lease negotiations. The family-owned business developed the mall beginning in the 1980s.
Williamsport, Pa. — HFF has arranged the sale of Loyal Plaza, a 293,607-square-foot retail center located in Williamsport, Pennsylvania.
Bethlehem, Pa. — A joint venture between Onyx Equities and PCCP has acquired Westgate Mall, a 270,000-square-foot enclosed mall located in the Lehigh Valley community of Bethlehem.
Philadelphia — CBRE has arranged the $10 million sale of Liberty Plaza, a 372,130-square-foot shopping center in Philadelphia.
Philadelphia — PREIT has inked leases with three new tenants at Plymouth Meeting Mall in Philadelphia.
Hempfield Township, Penn. — CBL Properties, in partnership with Stadium Casino LLC, has unveiled plans to develop a 100,000-square-foot casino and entertainment complex at CBL’s Westmoreland Mall in Hempfield Township.
Altoona, Penn. — Uber Capital Group has secured a $24.1 million loan for the refinancing of Logan Valley Mall in Altoona.
Allentown, Pa. — HFF has arranged the $55.2 million sale of MacArthur Commons, a 371,886-square-foot, grocery-anchored retail center located in Lehigh Valley.
Mechanicsburg, Penn. — CBRE has arranged the sale of Silver Spring Square, a 342,600-square-foot shopping center in Mechanicsburg.