Allentown, Pa. — The Waterfront Development Co. has broken ground on a $400 million mixed-use development along the western banks of the Lehigh River in Allentown.
Prussia, Penn. —JBGR Retail’s King of Prussia Town Center, a 400,000-square-foot lifestyle center located near King of Prussia Mall, is 70 percent leased and set to open in summer 2016.
Altoona, Pa. — Sands Investment Group (SIG) has arranged the $12.2 million sale of a single-tenant Carmike Cinema in Altoona to Agree Realty Corp., a REIT primarily engaged in the acquisition and development of net-leased retail properties.
Philadelphia — Metro Commercial Real Estate Inc. has brokered two deals for Target in the Center City area of Philadelphia.
Paoli, Penn. — HFF has arranged the $11.4 million sale of Paoli Center, a two-building property totaling 15,400 square feet located in the Philadelphia suburb of Paoli.
Philadelphia, Pa. — Old Navy is set to open a 23,464-square-foot multi-floor flagship store located at 1618 to 1622 Chestnut Street in Philadelphia.
Uniontown, Pa. — Pennsylvania Real Estate Investment Trust (PREIT) has sold Uniontown Mall, a 700,000-square-foot property located in Uniontown, for $23 million.
Scranton, Pa. — The Shopping Center Group (TCSG) has arranged the sale of Mall at Steamtown, a 558,816-square-foot enclosed regional mall located in Scranton.
Wayne, Pa. — Regency Centers has announced plans to renovate Gateway Shopping Center, a 214,212-square-foot shopping center located in Wayne, northwest of Philadelphia.
Fairless Hills, Pa. — Tightline Equities, a subsidiary of Branchburg, New Jersey-based Larken Associates, has acquired Fairless Hills Shopping Center, a 290,678-square-foot grocery-anchored retail center located in Fairless Hills in a joint venture with Red Starr Investments LLC.