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The REIT states that the 330,000-square-foot first phase of the 102-acre mixed-use development opens today at 93% leased. Some of its major tenants include: TJ Maxx, Hobby Lobby, Ulta, Lucky's Market, BrandsMart, Five Below, Starbucks and YouFit Health Club.
The term loan provides funding for the merger deal as well as financing to pay off LaSalle's current outstanding debt balances and other transaction closing costs.
Kieserman has provided retailer representation and/or disposition services for Walmart, Sam's Club, Lowe's, AutoZone, Wendy's, Joyce Leslie, Pizza Hut, Chrysler, PA Department of Transportation, Pep Boys, Circuit City, Flynn & O'Hara and others.
Mack-Cali/Roseland's luxury residential property combines industrial elements with modern style, while furthering Port Imperial's status as a holistic lifestyle-oriented community.
One of the largest city expenditures will be $60 million from the School Construction Authority that is earmarked for the construction of a new school in the Court Square area.