"Newtown Development Group LLC sold the Town Square Plaza, located along North Fifth Street Highway in Reading, PA, to a partnership between RioCan Real Estate Investment Trust and Cedar Shopping Centers Inc. for $18.85 million, or $153 per square foot.
The 123,211-square-foot shopping center was built in 2008 on 10.4 acres. It is anchored by Giant Food and shadow anchored by a 127,000-square-foot Target. The center also includes Pet Smart, A.C. Moore and Affinity Bank."
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