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Penrose Plaza SC Sold for $25M

Korman Commercial Sells 256,000 SF on Island Ave
By Shanna Naseery
August 14, 2015 | 12:41 P.M.

Highland Development Group Ltd. acquired the Penrose Plaza Shopping Center at 2900-3000 Island Ave. in Philadelphia, PA from Korman Commercial Properties for $25 million, or about $98 per square foot.

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