Posted Nov 3, 2017, 8:14 PM
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Moderator
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Join Date: Oct 2011
Location: Philadelphia
Posts: 18,367
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South Philly shopping center owner buys more land near retail strip slated for redevelopment
Quote:
Retail landlord Cedar Realty Trust has acquired an Oregon Avenue strip-mall-and-office property about a half block from its South Philadelphia Shopping Center, which is slated for redevelopment.
The parcel — home to shops including a pretzel store and a pizzeria, as well as a medical office building — is to the east of Cedar’s ShopRite-anchored South Philadelphia center, with a non-Cedar-owned retail property between them.
Cedar operations chief Robin Zeigler did not immediately respond to a phone message asking about plans for the newly acquired parcel.
The company, which owns shopping centers across Pennsylvania and other eastern states, earlier this year disclosed plans to combine the South Philadelphia center with its adjacent Quartermaster Plaza into a renovated enclave of shops, homes and offices to be called South Quarter Crossing.
Cedar is also planning to redevelop its Port Richmond Village shopping center at Aramingo Avenue and York Street, Zeigler said Thursday during a conference call with analysts.
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Read more here:
http://www.philly.com/philly/busines...-20171103.html
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