Pennsylvania Real Estate Investment Trust appoints Elliott and MacLaren directors of retail leasing
Philadelphia-headquartered Pennsylvania Real Estate Investment Trust (PREIT) has hired two new directors of retail leasing - Peter Elliott and Amy MacLaren.
Elliott and MacLaren each bring to PREIT more than 20 years of leasing experience and relationships in the retail real estate industry. As directors of retail leasing, they will be responsible for the leasing of regional malls and retail relationships with key national tenants.
Elliott will direct leasing efforts for Exton Square Mall in Exton, Pa. and The Gallery at Market East in Philadelphia, Pa., while MacLaren will be responsible for leasing Dartmouth Mall; Jacksonville Mall in Jacksonville, N.C.; Magnolia Mall in Florence, S.C. and Patrick Henry Mall in Newport News, Va.
Avon, CT Chozick Realty - CRXE Group have completed the $42 million sale of Avon Woods Apartments, a 189-unit apartment community. Located on 47 acres, Avon Woods is a desirable apartment complex in the greater Hartford region. Residents have a combination of privacy with grounds, woodlands, walking trails and frontage on the Farmington River as well as being well located at the junction of Rtes. 10 and 44 with access to all of the town and the surrounding communities throughout the Farmington Valley, West Hartford and Hartford.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.