[New post] PREIT Sells 25 Percent Stake in New Jersey Outlet Center for $35.4Mln

Dan Moynihan posted: "Pennsylvania REIT has sold its 25 percent stake in Gloucester Premium Outlets, a 376,967-square-foot outlet center in the Philadelphia suburb of Blackwood, N.J. The Philadelphia company received a total of $35.4 million for its stake, valuing the prope" Commercial Real Estate Direct PREIT Sells 25 Percent Stake in New Jersey Outlet Center for $35.4Mln Dan Moynihan Jun 29 Pennsylvania REIT has sold its 25 percent stake in Gloucester Premium Outlets, a 376,967-square-foot outlet center in the Philadelphia suburb of Blackwood, N.J. The Philadelphia company received a total of $35.4 million for its stake, valuing the property at $141.6 million. It received $14 million in cash and the buyer assumed its $21.4 million share […] Read more of this post Unsubscribe to no longer receive posts from Commercial Real Estate Direct. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://crenews.com/2022/06/29/preit-sells-25-percent-stake-in-new-jersey-outlet-center-for-35-4mln/ Powered by WordPress.com