Pennsylvania State Employees’ Retirement System, Harrisburg, and the Pennsylvania Real Estate Investment Trust, Philadelphia, jointly acquired Willow Grove Park, a 981,000-square-foot shopping center in Willow Grove, Pa., for $140 million. This is the first joint venture between the $26.5 billion fund and PREIT. Legg Mason Real Estate Services was the adviser to the fund.
Pennsylvania State Employees' Retirement System, Harrisburg, and the...
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