Business Services Industry
Pennsylvania mall
Real Estate Alert, June 23, 2004
Stoltz Real Estate Fund closed on its $106.5 million acquisition of Coventry Mall, in Pottsville, Pa., about 60 miles northwest of Philadelphia. Stoltz negotiated the deal for the 809,000-sf mall directly with the seller, Goodman Co. The mall, built in 1966 and renovated in 1995, leases space to four anchors and 118 in-line shops.
In-line sales average about $340/sf. The purchase will produce an initial annual yield for Stoltz of about 8.2%.
COPYRIGHT 2004 Harrison Scott Publications, Inc.
COPYRIGHT 2008 Gale, Cengage Learning
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Most Popular Business Publications
Content provided in partnership with
Presented by American Express