DDR Corp. bought the Noble Town Center in Jenkintown, Pa., for $31.5 million.
The Beachwood, Ohio, real estate company said in a statement that the transaction was part of eight deals worth $699 million it completed in the third quarter.
The 168,000-square-foot retail property is at 901 Old York Road and was 84 percent occupied at the time of the sale. A space where an Old Navy once operated is vacant but DDR said it is “in advanced discussions with a national junior anchor to fill the one remaining vacancy in the center.” Read full story here
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