Easton, Pa. — Phillips Edison has acquired Palmer Town Centre, a shopping center located in Easton, for $32.3 million.
Monaca, Pa. and Beckley, W.Va. — PREIT has sold the company’s two remaining non-core malls in Pennsylvania and West Virginia for a combined total of $49 million.
Etters, Pa. — KLNB has arranged the $17 million sale of Newberry Commons, a 246,000-square-foot shopping center located roughly 17 miles outside Harrisburg in Etters.
Bensalem, Media and Lionville, Pa. — ECHO Realty Partners has acquired a portfolio of three grocery-anchored shopping centers located in metropolitan Philadelphia for an undisclosed sum.
Greensburg, Pa. — The Kase Group has arranged the $4.3 million sale of two outparcels occupied by Applebee’s and Longhorn Steakhouse at Westmoreland Mall in Greensburg.
Pittsburgh — A joint venture between ALTO Fund II and M & J Wilkow Ltd. has acquired Plaza at the Pointe, a 149,943-square-foot shopping center located in Pittsburgh’s Parkway West corridor.
Allentown, Hawley, Duryea and Hamlin, Pa. — Eastern Union Funding has arranged $12.2 million in acquisition financing for the purchase of a five-property shopping center portfolio located in Pennsylvania.
Ephrata Township, Pa. — A joint venture between Heidenberg Properties Group and Strategic Real Estate Partners has acquired Ephrata Commons, a 54,810-square-foot shopping center located in Ephrata Township, for $6.1 million.
Pittsburgh — Power of 32 Development Fund LP has provided a $9.5 million loan to help fund site preparation, including construction, for Almono, a 178-acre waterfront mixed-use project at a brownfield site in Pittsburgh.
Elizabethtown, Pa. — HFF has arranged the sale of Market Street Square, a grocery-anchored retail center located at 1605-1641 S. Market St. in Elizabethtown.