Pennsylvania

miracle-mile
Investment salesNewsPennsylvania

Frontier Realty Group Acquires 302,000-Square-Foot Shopping Center in Metro Pittsburgh for $75 Million

by Abby Cox

Monroeville, Pa. — Frontier Realty Group, a newly launched joint venture between Wharton Realty Group and KSR Capital, has acquired Miracle Mile Shopping Center, a 302,000-square-foot retail property located in Monroeville, roughly 20 miles east of Pittsburgh. Spanning 27.5 acres, Miracle Mile was fully leased at the time of sale to a mix of tenants including Marshalls, Ulta Beauty, Old Navy, Chick-fil-A, Panera Bread and DSW. Daniel Massry, Marc Sitt, Robbie Millman, Isaac Massry, Morris Sabbagh and Abraham Kassin of Frontier Realty Group internally represented themselves. Colin Behr, Christopher Munley, Ryan …

Continue Reading
0 FacebookTwitterLinkedinEmail
franklin-crossroads-park-retail
DevelopmentMixed-useNewsPennsylvania

IRG, PREP Funds Open 100,000-Square-Foot Retail Phase at Franklin Crossroads Park in Suburban Pittsburgh

by Abby Cox

North Franklin Township, Pa. — A partnership between Los Angeles-based Industrial Realty Group (IRG) and Cleveland-based PREP Funds has opened its 100,000-square-foot retail phase at Franklin Crossroads Park, located roughly 30 miles south of Pittsburgh. Previously known as Washington Crown Center, the adaptive-reuse project will transform the former indoor mall into a multi-tenant commercial and business mixed-use destination. The renovated retail segment is currently 98 percent leased to a mix of tenants including Ollie’s Bargain Outlet, Dollar Tree, Rural King, MAC.BID, The Toffee House, Haven Cheer & Gymnastics, Nail Trix, Bacon …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsPennsylvaniaPower centers

CBL Properties Closes $50.6 Million Sale of York Town Center in York, Pennsylvania

by Matthew Auchincloss

York, Pa. — CBL Properties, along with its 50 percent joint venture partner, has sold York Town Center, an open-air regional retail center located in the southern Pennsylvania town of York for $50.6 million. The transaction was completed at an 8.5 percent capitalization rate. York Town Center features 14 stores, including DICK’S Sporting Goods, Boot Barn, Best Buy and ULTA, and spans more than 297,000 square feet. The buyer was not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Upland-Square-Drive
Investment salesNewsPennsylvania

Marcus & Millichap Negotiates $6 Million Sale of Retail Property in Pottstown, Pennsylvania

by Abby Cox

Pottstown, Pa. — Marcus & Millichap has negotiated the $6 million sale of the Upland Square retail pads, which are outparcels to the Upland Square Shopping Center, a 400,716-square-foot power center in Pottstown, approximately 20 miles east of Reading. The two buildings, which were built in 2009 and 2016, total 10,944 square feet. The property features three retail suites and was fully occupied at the time of sale. Tenants include Aspen Dental, Starbucks Coffee and Chili’s. Anchored by Giant, Upland Square Shopping Center sits adjacent to the retail outparcels and features …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ritas-Richland-Hills
NewsPennsylvaniaRestaurants

Rita’s Italian Ice & Frozen Custard Plans to Double New Signings in 2026

by Abby Cox

Philadelphia — Rita’s Italian Ice & Frozen Custard is on track to double its 2026 new shop signings. Rita’s has experienced a 100 percent increase in franchise ownership inquiries compared with 2025. Driven by the brand’s real estate strategy, including second-generation restaurant conversions and drive-thru locations, the concept is expanding outside of its core Mid-Atlantic market to the Midwest and south-central United States. According to Rita’s, drive-thru shops generated 38 percent higher average gross sales in 2025 than comparable non-drive-thru locations. Founded in Bensalem, Pennsylvania, in 1984, Rita’s Italian Ice & …

Continue Reading
0 FacebookTwitterLinkedinEmail
Dollar-General_PA
Investment salesNewsOhioPennsylvania

CBRE Arranges $22.7 Million Sale of 18-Property Dollar General Portfolio in Pennsylvania, Ohio

by Abby Cox

Pa. and Ohio — CBRE has arranged the $22.7 million sale of an 18-property, net-leased retail portfolio in Pennsylvania and Ohio. Totaling 174,078 square feet, the portfolio was fully occupied by Dollar General at the time of sale. Michael Shover, Matthew Gorman, Thomas Finnegan, Robert Thompson and Nick Holtz of CBRE represented the seller, Miller Bros. Construction, and the buyer, Realty Income, in the transaction. The Pennsylvania-based properties were located in the cities of Tioga, Bangor, Fawn Grove, Jersey Shore, Bellefonte, Berrysburg, Greencastle, Schellsburg, Oxford, Milan, Hazle Township, Newburg, Burlington and Beaver Meadows. The Ohio-based properties …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Meridian
Grocery-anchoredInvestment salesNewsPennsylvania

TPG-Led Investor Group Acquires Shopping Center Owner ECHO Realty in $2 Billion Deal

by Abby Cox

Pittsburgh — TPG Real Estate has acquired ECHO Realty, a full-service owner and operator of grocery-anchored retail real estate, in a transaction valued at $2 billion. TPG, a global asset management firm based in San Fransisco, partnered with global investment groups PSP Investments, La Caisse and Norges Bank Investment Management for the transaction. “Our more than two decades of building and operating neighborhood, necessity-based shopping destinations demonstrate the enduring demand for grocery-anchored retail close to home,” says Thomas Karet, founder and CEO of ECHO. “With TPG’s investment and business-building expertise, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Whitehall-Plaza
Investment salesNewsPennsylvania

JLL Arranges Sale of 365,071-Square-Foot Shopping Center in Pennsylvania’s Lehigh Valley

by Abby Cox

Whitehall, Pa. — JLL Capital Markets has arranged the sale of Whitehall Plaza, a 365,071-square-foot open-air center located in the Eastern Pennsylvania community of Whitehall. The buyer, Mark Gold of Mishorim Gold Group, internally represented the firm in the purchase. Jim Galbally, Patrick Higgins and JP Colussi of JLL represented the seller in the transaction. Mishorim Gold Group has already initiated the first phases of Whitehall Plaza’s renovation, with plans to invest in a comprehensive revitalization of the property. More than 100,000 square feet of space is already under contract. Tenants …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsPennsylvania

Roadside Development Acquires Galleria at Mt. Lebanon in Pittsburgh

by Abby Cox

Pittsburgh — Washington, D.C.-based Roadside Development has acquired Galleria at Mt. Lebanon, a 168,000-square-foot shopping center located in the Mt. Lebanon neighborhood of Pittsburgh. The Galleria at Mt. Lebanon was originally constructed as a Kaufmann’s department store and later converted to an indoor mall in 1988. Current tenants at the two-story shopping center include Anthropologie, Pottery Barn, Williams-Sonoma, Orvis, Evereve, AMC Theatres and Club Pilates, along with restaurants such as The Yard Gastropub, Houlihan’s, Mitchell’s Fish Market, Panera Bread and Starbucks. Roadside’s plans for the property are currently in development. In …

Continue Reading
0 FacebookTwitterLinkedinEmail
cvs-pharmacy-pa
Investment salesNewsPennsylvania

Cooper Commercial Negotiates $5.5 Million Sale of Single-Tenant Retail Property in Sinking Spring, Pennsylvania

by Abby Cox

Sinking Spring, Pa. — Cooper Commercial Investment Group has negotiated the $5.5 million sale of a single-tenant retail property located in Sinking Spring, approximately 60 miles southeast of Philadelphia. CVS Pharmacy occupies the 13,225-square-foot building on a triple-net lease. Dan Cooper of Cooper Commercial Investment Group represented the seller, a private investor based in Pennsylvania. A West Coast-based 1031 exchange buyer purchased the property.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts