Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Phillips Edison & Co., a retail real estate owner, manager and developer, this week announced the purchase of Orchard Plaza in Altoona, Pa. Orchard Plaza is an 83,438-square-foot center anchored by Big Lots. The value of the transaction was not disclosed. Phillips Edison principal Jay Vigdor said in a press statement that the purchase "provides us the opportunity to re-lease and re-position this viable property in a key market and gives us a strong foothold in Blair County as we seek to purchase other value-add properties within central Pennsylvania." *** What's your opinion? Leave your comments below or send a letter to the editor. ...