Thirty Philadelphia shopping centers could change hands Philadelphia Business Journal - by Peter Van Allen , Staff Writer
Date: Monday, February 28, 2011, 1:31pm EST Related: Retailing & Restaurants Sponsored Links Save 20% Now At PaperDirect.com Unbeatable Selection Of Printed Business Stationery- New Customers Save 20% Now! www.PaperDirect.com Sponsored Links Image Ad Save 20% Now At PaperDirect.com Unbeatable Selection Of Printed Business Stationery- New Customers Save 20% Now! www.PaperDirect.com
Thirty Philadelphia-area shopping centers could be among a portfolio of 588 U.S. retail centers being sold, Bloomberg reported Monday.
Centro Properties Group plans to sell its U.S. retail portfolio for $9.4 billion, according to the report, which cited sources familiar with the deal. The buyer would be Blackstone Group LP, the world?s largest private-equity firm.
The centers would include neighborhood shopping centers, malls and related commercial space in 39 states.
In Philadelphia and the region, the holdings would include:
In Pennsylvania:
? 69th Street Plaza, Upper Darby.
? Barn Plaza, Doylestown.
? Bensalem Square, Bensalem.
? Boyertown Shopping Center, Boyertown.
? Bristol Park and Bristol Plaza, Bristol.
? Chalfont Village Shopping Center, Chalfont.
? Chesterbrook Village Shopping Center, Wayne.
? Collegeville Shopping Center, Collegeville.
? County Line Plaza, Souderton.
? Gilbertsville Shopping Center, Gilbertsville.
? Ivyridge, Philadelphia;.
? Mount Carmel Plaza, Glenside.
? New Britain Village Square, Chalfont.
?New Garden Shopping Center, Kennett Square.
? North Penn Market Place, Lansdale.
? Pilgrim Gardens, Drexel Hill.
? Plymouth Plaza Office Building, Plymouth Meeting.
? Roosevelt Mall, Philadelphia.
? Shoppes at Valley Forge, Phoenixville.
? TD Bank Building, Plymouth Meeting.
? Valley Fair, Devon.
? Village at Newtown, Newtown.
? Warminster Towne Center, Warminster.
? Whitemarsh Shopping Center, Conshohocken.
? Woodbourne Square, Langhorne.
In New Jersey:
? Collegetown Shopping Center, Glassboro.
? Cross Keys Commons, Turnersville.
? Marlton Crossing I & II, Marlton.
?The Shoppes at Cinnaminson, Cinnaminson.
CNP Price at posting:
15.0¢ Sentiment: None Disclosure: Held
