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READING, PA. — Marcus & Millichap has brokered the sale of the Towne Square Plaza located in at 441 Fifth Street Highway in Reading for $18.85 million. The property is anchored by Target and Giant Food. Junior anchors of the center include A.C. Moore and PetSmart. Brad Nathanson of Marcus & Millichap's Philadelphia office represented the seller, Newman Development Group, and the buyer, a joint venture between Cedar Shopping Centers and RioCan Real Estate Investment Trust. The property traded at a 8.02 percent capitalization rate.