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Lamar Cos. and Real Capital Solutions have purchased a 293,550-SF lifestyle center near Philadelphia as the partner's sixth retail center acquisition in the past five months.
The transaction aligns with the firm's strategy to focus on resort, luxury, lifestyle and destination-orientated assets, as well as its New York portfolio.
The firm will work with the Almono Limited Partnership to transform a historic Pittsburgh site into a sustainable, innovative neighborhood by delivering millions of square feet of new mixed-use space over the next decade.