“This sale of a Hobby Lobby with less than 10 years remaining to an institutional buyer signifies that although retail is shifting, big box is not dead,” says Marcus & Millichap's Sabrina Kortlandt.
Pennsylvania American Water has also committed to invest approximately $36 million in improvements to Steelton’s water system over the next 10 years.
The joint venture acquired a 570,100 square-foot warehouse in Edison, NJ.
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