Pottstown, Pa. — Deerwood Real Estate Capital has closed a $15.5 million loan to finance the acquisition and redevelopment of an enclosed mall in Pottstown.
Scranton, Pa. — PREIT has inked a deal to bring a dual-store format concept to Viewmont Mall in Scranton.
Philadelphia — Philadelphia-based PREIT (NYSE: PEI) has announced the sale of four malls for an aggregate price of $92.4 million.
Exton, Penn. — HFF has secured a $10.7 million refinancing for Lionville Shopping Center, a 93,161-square-foot grocery-anchored shopping center located in the Philadelphia suburb of Exton.
Chambersburg, Pa. — New York City-based Katz Properties has acquired Chambersburg Crossing, a shopping center located at 925 Norland Ave. in Chambersburg, for $45 million.
West Chester, Penn. — Holliday Fenoglio Fowler (HFF) has arranged an $18.5 million refinancing for West Goshen Town Centre, a 135,650-square-foot ShopRite-anchored retail center located in the Philadelphia suburb of West Chester.
Allentown, Pa. — The Waterfront Development Co. has broken ground on a $400 million mixed-use development along the western banks of the Lehigh River in Allentown.
Prussia, Penn. —JBGR Retail’s King of Prussia Town Center, a 400,000-square-foot lifestyle center located near King of Prussia Mall, is 70 percent leased and set to open in summer 2016.
Altoona, Pa. — Sands Investment Group (SIG) has arranged the $12.2 million sale of a single-tenant Carmike Cinema in Altoona to Agree Realty Corp., a REIT primarily engaged in the acquisition and development of net-leased retail properties.
Philadelphia — Metro Commercial Real Estate Inc. has brokered two deals for Target in the Center City area of Philadelphia.