New York, Philadelphia and St. Louis — Urban Edge Properties (NYSE: UE), a real estate investment trust, has entered into a contract to acquire a seven-property portfolio of retail assets for $325 million.
Plymouth Meeting, Pa. — Legoland Discovery Center Philadelphia has opened at Plymouth Meeting Mall in Plymouth Meeting, a suburb of Philadelphia.
King of Prussia, Pa. — A new Saks Fifth Avenue OFF 5TH retail store will open on April 6 in metro Philadelphia.
Philadelphia — HFF has secured permanent financing for the retail portion of Rodin Square, a 79,233-square-foot mixed-use development located in the City Center district of Philadelphia.
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.