Pennsylvania Real Estate Investment Trust (PREIT) has sold the Palmer Park Mall at 123-141 Palmer Park Mall at the corner of Park Ave. in Easton, PA to CityView Commercial for $18 million, or about $39 per square foot.
Palmer Park Mall was constructed in 1972 and renovated in 1998. It sits on 50 acres in the Lehigh / Northampton submarket. It is anchored by Boscov's and The Bon-Ton, which occupy 314,000 square feet combined.
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