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.
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million. 827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
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.
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.