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The Morning Call A venture between MRP Industrial and Cabot Properties plans to build Park 309, a 260,000-square-foot industrial park near Quakertown, Pa. The two-building property would be developed on 23 acres on West Pumping Station Road in Richland Township. ...
NorthPoint Development has acquired the 61,000-square-foot Bon-Ton department store at the Schuylkill Mall in Frackville, Pa., some 30 miles northwest of Allentown, Pa., for an undisclosed price. The store will close on May 1. Earlier this year, the developer purchased ...
Lehigh Valley Business Mall at Steamtown, a 568,657-square-foot retail property in Scranton, Pa., that had served as collateral for $37.1 million of CMBS debt has been sold for $5.25 million. LNR Partners Inc. sold the property, which was placed on ...
The Times-Tribune Duke Realty Corp. has paid an affiliate of USAA Real Estate Co. $64.5 million, or $64.50/sf, for a 1 million square-foot warehouse in Covington, Pa, near Scranton, Pa. The property, which is fully leased to an affiliate of ...
Panattoni Development Co. has taken over a partially-built warehouse complex in Lower Macungie, Pa., after foreclosing on a loan that had been provided to the project's developer, the bankrupt Opus East Corp. Lehigh Valley Crossings, about 70 miles northeast of ...
Citigroup has provided $97 million of financing for the Great Wolf Lodge resort, a 401-room hotel in Pennsylvania's Pocono Mountain region that includes a 91,000-square-foot indoor entertainment area with a massive waterpark.The 10-year mortgage pays a rate of 6.1 percent ...
Philadelphia InquirerLarry Simon, a custom home developer, plans a 5 million-square-foot commercial development in Pennsylvania's Pocono Mountains. Pennsylvania Gov. Ed Rendell's office has pledged $30 million in grants and low-interest loans for the project to be built in Smithfield Township, ...
January 11, 2005 Cedar Shopping Centers Inc. (NYSE:CDR) has landed new tenants at two of its Pennsylvania properties. Redner's Markets Inc. has signed a lease at Hamburg Commons in Hamburg, Penn., which Cedar acquired in June 2004, for a 56,780-square-foot ...
November 22, 2004 Acadia Realty Trust (NYSE:AKR) has sold the East End Centre, a 308,000-square-foot shopping center in Wilkes-Barre, Pa., for about $12.4 million. Based on in-place net operating income, the sale of the East End Centre, which was formerly ...
Granite Partners has begun marketing Laurel Mall in Hazleton, Pa. The regional mall, which is owned by a joint venture between two Pennsylvania REITs, is expected to generate $3.65 million of NOI next year.
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