PREIT CLOSES ON $76.8M SALE OF PAXTON TOWNE CENTRE

by admin

HARRISBURG, PA. — Pennsylvania Real Estate Investment Trust (PREIT) has closed on its purchase of Paxton Towne Centre, a power center in Harrisburg, for $76.8 million. PREIT developed the center in 2001 for approximately $55 million. The 717,000-square-foot property is anchored by Target, Costco, Kohl's and Weis Markets.

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