JONES LANG LASALLE CLOSES $32M SALE OF RED LION PLAZA IN PHILADELPHIA

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PHILADELPHIA — Jones Lang LaSalle has closed the $32 million sale of Red Lion Plaza for Onyx Equities and Invesco Real Estate. A private buyer purchased the 229,204-square-foot retail shopping center, which is 95 percent occupied. Best Buy, Staples, American Signature and Planet Fitness anchor the property. The shopping center is located at the intersection of Roosevelt Boulevard and Red Lion Road in Northeast Philadelphia. Joseph Garibaldi, Jim Galbally, Dave Wojciechowski and Doug Rodio of Jones Lang LaSalle arranged the deal.

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