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IPG has appointed Graham Stephens, formerly of Jones Lang LaSalle in New York City, as a principal in its investments team and head of capital markets.
The company unveiled plans remodel 35 existing stores in 2020 and 2021. With this investment, Giant will grow its commitment to the city of Philadelphia, its home market in Central Pennsylvania, and Monroe County.
Normandy reports that it has raised more than $100 million in commitments to date, and capital raising will continue through 2020 for the Opportunity Zone Fund that has a target of $250 million in commitments.
With a recently updated comprehensive plan in place, the 382-plus acres could be builder-ready after master plan and annexation approval for the project.