HAMBURG, PA-The shopping center owner picks up two adjacent properties here with an aggregate 97,633 sf for about $5.5 million. They join eight more properties that Cedar will redevelop at a total cost of $65 million.

MALVERN, PA-Tenants in the 5,000-sf-and-under segment take advantage of a still-soft suburban market to lock in favorable rates, according to a broker who recently completed 18,880 sf of lease transactions for six companies.

PHILADELPHIA-Illinois-based DeVry University opens its third area education center next month in the 20-story Downtown property. Terms are undisclosed. Asking rates west of Broad St. range from $24.41 to $27.83 per sf.

KING OF PRUSSIA, PA-This lease takes the first 123,508-sf building in a series of three class A office facilities planned at Renaissance Corporate Center to 90% leased. Published rental rate is $26.50 per sf, with perks.

NEWTOWN SQUARE, PA-In a partial sale/leaseback, Berwind acquires a 200-acre portion of SAP's 300-acre campus. SAP leases about 250,000 sf of the 850,000 sf of office space. BPG plans to sell land to Villanova University and Realen Homes.

WEST WHITELAND TWP., PA-Private investor Jonathan Bradlee pays just over $1 million for four flex/office units totaling 13,473 sf in a 42,000-sf building at Jeffers Circle in Clover Mill Commerce Center here.

JENKINTOWN, PA-The financial REIT is selling a private offering of senior notes due in 2024. They are convertible to common stock shares at a 27% premium over closing market price. The estimated annual interest approaches 4.4%.

PHILADELPHIA-The longtime local provider of legal information renews its 38,300-sf lease at 833 Chestnut, the 12-story, 737,000-sf building it has occupied since 1984. Terms, undisclosed, are described as "aggressive renewal economics."