Harrisburg, Pa. — The Kislak Co. has brokered the $4.6 million sale of Uptown Plaza, a 156,066-square-foot retail center located in Harrisburg. Built in 1957 on 14 acres, the property features 30 storefronts. Tenants at the center include H&R Block, Metro PCS, McDonald’s and Save-a-Lot. Robert Holland and Barry Waisbrod of Kislak arranged the sale on behalf of the seller, Town Associates. America’s Realty purchased the property.
Parkesburg, Pa. — Marcus & Millichap has arranged the $7 million sale of Parkesburg Shopping Center, a 53,319-square-foot retail center located in Parkesburg, roughly 50 miles west of Philadelphia. Grocery Outlet and Planet Fitness anchor the 7.7-acre property, which recently underwent a capital improvement program. Other tenants include the U.S. Post Office and Dollar General. Joseph French Jr. and Kodi Traver of Marcus & Millichap represented the seller and procured the buyer in the transaction.
South Fayette Township, Pa. — Bass Pro Shops will open a 100,000-square-foot Outdoor World store in South Fayette Township, roughly 15 miles outside Pittsburgh. Upon completion, the store will comprise two levels and feature a gift and nature center, in addition to outdoor gear and apparel. The store, which is scheduled to open in early 2026, will mark the third in the state for the company.
Philadelphia — Comcast Spectator and The Cordish Cos. plan to implement $12 million in renovations at Xfinity Live! in Philadelphia. The property is situated within The Philadelphia Sports Complex. Originally developed by the companies in 2012, the development features restaurant and entertainment space, with tenants including Broad Street Bullies Pub, PBR Philly, 1100 Social, Victory Beer Hall, Chickie’s and Pete’s, Geno’s Steaks and Lorenzo and Sons Pizza. Planned upgrades at the property include both interior and exterior improvements and the addition of new gathering areas and terraces. Construction is scheduled to …
Allentown, Pa. — Marcus & Millichap has brokered the $12.5 million sale of Parkway Shopping Center, a 133,314-square-foot retail center located in Allentown. Colin Reder, Derrick Dougherty and Scott Woodard of Marcus & Millichap arranged the sale on behalf of the undisclosed seller. Neil Campbell and Ian Nordfors of IPA Capital Markets, a division of Marcus & Millichap, secured debt financing on behalf of the buyer. Metro Commercial and KW Commercial will continue to manage and lease the property on behalf of the new ownership.
Philadelphia — A partnership between DRA Advisors and KPR has secured a $55 million loan for the refinancing of Quartermaster Plaza, a 456,208-square-foot shopping center in Philadelphia. Built in 2004, the property was 99 percent leased at the time of financing. Tenants at the center, which the partnership acquired from Cedar Realty Trust in 2022, include BJ’s Wholesale Club, The Home Depot, Sprouts Farmers Market, Bank of America, Wendy’s, Walgreens, PetSmart and Planet Fitness. Michael Gigliotti, James Galbally, Michael Pagniucci and Blaine Fleming of JLL arranged the financing on behalf of …
Pittsburgh — PNC Bank plans to invest approximately $1 billion to open more than 100 new branches and renovate 1,200 existing locations by 2028. Expansion plans call for new locations in key cities such as Austin, Dallas, Denver, Houston, Miami and San Antonio, among others, to establish a coast-to-coast network. According to PNC Bank, the goal of the renovations is to create a better customer experience when conducting transactions or meeting with bankers to discuss financial goals. PNC Bank is a member of The PNC Financial Services Group Inc. (NYSE: PNC), …
Bala Cynwyd, Pa. — Federal Realty Investment Trust has announced plans to redevelop a building within Bala Cynwyd on City Avenue, a shopping center located in Bala Cynwyd. Formerly occupied by retailer Lord & Taylor, the building will feature 217 residential units above 16,000 square feet of retail space. Including this redevelopment, Federal Realty’s investment in the shopping center will total roughly $170 million, with 190,000 square feet of retail space. The project team includes architect Bernardon, civil engineer Bohler, landscape architect Studio39 and interior designer MSA Interiors. Construction is scheduled …
Center Valley, Pa. —The Great Greek Mediterranean Grill has signed a 2,550-square-foot lease at The Promenade Shops at Saucon Valley, a retail center located in Center Valley. Scheduled to open early this summer, the restaurant will be situated between Lashes by Gab and Komé Fine Japanese Cuisine. Other new tenants at the center include J. Crew Factory, Fulton Bank, Club Champion, Handmade Mystic, FD Market and Turning Point. The property is also home to Promenade Pop-Up Shop, a 1,500-square-foot space featuring a rotating mix of local retailers.
Conshohocken, Pa. — IKEA will open four stores featuring its new Plan & Order Point with Pick-Up format. Scheduled to open this year, the stores will be located in Austin, Texas, metro Atlanta and the greater Los Angeles area. Situated within Domain Shopping Center, the Austin store will open this summer and will mark the second IKEA location in the city. Plan & Order Points are “dedicated to kitchen, bedroom and living room projects,” according to the company’s website. The stores feature a smaller layout with no merchandise to be taken …