Pa. shopping center sells to developer

Redevelopment likely

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Phillips Edison & Co. recently paid an undisclosed amount in the acquisition of Airport Village Shopping Center in Pottstown, Pa. The property is a 70,730-square-foot community shopping center anchored by Rite Aid at the time of sale. According to a press statement, "this center will provide upside potential through the redevelopment and leasing of the vacant units." ...