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The company had reported the sale of the 38 properties was valued at an aggregate purchase price of $385.0 million. The amended portfolio sale of 28 properties is now valued at approximately $282.5 million.
Etkin Johnson acquired the 19 properties, which range in size from 26,078 square feet to 293,510 square feet, between 1990 and 1998. The portfolio was 93% leased at the time of the sale.
The lease with Michaels arts and crafts store combines with the arrival of two new dynamic dining offerings, Hash House A Go Go and Joe Italiano's Maplewood and the mall in South Jersey, about 15 miles from Center City Philadelphia.Lease executed with Michaels to complete anchor redevelopment, delivering diverse offerings