Posts Tagged: Philadelphia

Plymouth Meeting and Willow Grove Malls Owner PREIT Has ‘Substantial Doubt’ Over Its Ability to Stay in Business Over Next Year

Pennsylvania Real Estate Investment Trust (PREIT), the owner of Plymouth Meeting Mall and Willow Grove Park Mall, has “substantial doubt” about being able to remain in business over the next year, according to the annual report the company filed with the Securities and Exchange Commission, writes Natalie Kostelni for the Philadelphia Business Journal. PREIT made this… Read more »

Grocery Outlet opens Northeast Philadelphia

Grocery Outlet Bargain Market is continuing its expansion throughout the region and has opened a store in Northeast Philadelphia.  The Emeryville, California, chain, which is part of Grocery Outlet Holding Corp. (NASDAQ: GO), entered the region last March when it opened a store in East Norriton. It has since opened a total of eight stores including in… Read more »

New York Investment Firm Snags Bucks County Shopping Center for $22.5 Million

Industrial Turned Shopping Center in South Philly

Realty Resource Capital Corp. has purchased Warrington Plaza, a fully occupied shopping center in Warrington, Pennsylvania, for $22.5 million. The Woodbury, New York-based real estate investment and commercial financing firm acquired the shopping center from Valley Forge Investment Corp. Located at the intersection of Street and Easton roads, two of the busiest commercial arteries in… Read more »