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March 25, 2020  

Simon Lists Retail Center Near Phila.

Simon Property is marketing a shopping center in suburban Philadelphia that could command bids of $45 million.Lincoln Plaza, in Langhorne, Pa., encompasses 273,000 square feet. At the estimated value, a buyer’s initial annual yield would be in the vicinity of 6.75%. The Indianapolis REIT listed the property with JLL.The center is 88% leased, with a weighted average remaining lease term of five years.Raymour & Flanigan is the largest tenant,...

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