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PREIT Sells Lowe’s Ground Lease in Lancaster, PA

by thiryj

CoStar reports that the Pennsylvania Real Estate Investment Trust PREIT has sold the 16-acre ground lease, currently occupied by a 117,000- square-foot Lowes, at 1845 Hempstead Road in Lancaster, PA, for $10.2 million, or about $633,500 per acre.

Read full article:  PREIT Sells Lowe’s Ground Lease in Lancaster – CoStar Group.