trending Market Intelligence /marketintelligence/en/news-insights/trending/4kl7qbMU8nutBc2KZpKZgg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Pennsylvania REIT to net $75M from triple transaction

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


Pennsylvania REIT to net $75M from triple transaction

Pennsylvania Real Estate Investment Trust agreed to two purchase and sale transactions, and one land parcel disposal, in Pennsylvania.

The transactions will yield about $75 million, which the company will direct toward the execution of its capital plan, it said in a release.

The trust secured significant nonrefundable deposits from undisclosed buyers for the Altoona, Pa.-based Logan Valley Mall and the 801 Market Office condominium asset in Philadelphia's East Market. Logan Valley Mall was placed on the market in May. Completion of both transactions is slated for the third quarter.

Meanwhile, the company agreed to sell the 4.9-acre Exton Square land parcel in Exton, Pa., to a multifamily developer. The sale is expected to close once the developer obtains entitlements.