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PHILADELPHIA-Atlanta-based Lend Lease Real Estate Investments is selling the 560,000-sf inline retail portion of Westmoreland Mall. The asking price is undisclosed, but area brokers familiar with the property tell GlobeSt.com it is expected to sell for more than $110 million.

The two-level mall encompasses 1.3 million sf, including outparcels of company-owned anchors, which include Sears, JC Penney, Kaufmann’s and the Bon-Ton.

The inline segment is 89% leased, according to Daryl Niemczyk at Lend Lease headquarters, who adds, “with outparcel space, it is about 95% leased.”

Among the inline tenants are American Eagle Outfitters, Talbots, The Gap, GNC, KB Toys and Kay Jewelers. Chicago-based Jones Lang LaSalle is the leasing agent.

Westmoreland was built in 1977 and underwent a $33-million renovation in 1994. Niemczyk says it is “by far, the dominant mall within a 20-mile radius of Pittsburgh.”

Gerard V. Mason of the New York office of New York-based Granite Partners is brokering the sale.

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