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PECO's merger with REIT II creates a national portfolio with ownership interests in 334 grocery-anchored shopping centers encompassing approximately 37.7 million square feet located across 32 states.
“The National offers everything that investors nowadays expect of a hausInvest investment, a redeveloped landmark building in a prime location geared to modern users at an attractive price with a reliable cash flow and the potential for value appreciation through active asset management,” says Henning Koch of Commerz Real.
The new 200,000-square-foot processing facility is expected to save 60,000 tons of carbon annually by using post-consumer materials and produce 80 million pounds per year of food-grade rPET pellets.
The October employment report represented the 99th consecutive month where monthly private sector job numbers in Connecticut exceeded the numbers in the same month in the previous year.