Philadelphia — Benbrooke has sold Franklin Marketplace, a 223,434-square-foot retail power center located in northeastern Philadelphia, for $25.8 million.
King of Prussia, Pa. — Simon has completed a 155,000-square-foot expansion at King of Prussia Mall, a shopping center located about 25 miles northwest of Philadelphia in King of Prussia.
Washington, Pa. — PREIT has sold Washington Crown Center, a 673,000-square-foot regional mall located in Washington, Pennsylvania, for $20 million.
State College, Pa. — CA Student Living, the student housing division of CA Ventures, and Liberty Mutual have commenced construction on RISE at State College, a grocery-anchored mixed-use development located near the Penn State University campus in State College.
Warrington, Pa. — Poag Shopping Centers, in partnership with real estate funds managed by Ares Management, has acquired The Shops at Valley Square, a 292,888-square-foot mixed-use property located in the Philadelphia suburb of Warrington.
Moosic, Penn. — U.S. Properties Group has announced the signing of two new leases totaling 11,500 square feet at the Shoppes at Montage, a lifestyle center located in Moosic.
McCandless, Penn. — HFF has secured a $70 million permanent loan for McCandless Crossing, a 354,567-square-foot town center located in the Pittsburgh suburb of McCandless.
St. Paul, Minn. — St. Paul-based Gander Mountain is set to open three new stores in Colorado, Pennsylvania and Texas this fall.
Harrisburg, Pa. — Macy’s has opened its new Backstage concept within 25,000 square feet of space on the first level of Harrisburg Mall, located on Paxton Street in Harrisburg.
Pottstown and Reading, Pa. — CBRE Group Inc. has arranged the sale of North End Shopping Center in Pottstown and Madeira Plaza in Reading.