Joint Venture Buys Bensalem, Newtown Shopping Centers for Total Price of $28.9M

Village Center in Bensalem. A joint venture purchased Goodnoe’s Corner in Newtown and Village Center in Bensalem for a combined price of $28.9 million from Palladino Development Group.

Two open-air retail shopping centers in Bucks County sold to a joint venture for a total of $28.9 million, writes Paul Schwedelson for the Philadelphia Business Journal.

ShopOne Centers REIT of New York City, together with London investment firm Pantheon, and a global institutional investor paid $15.38 million for Goodnoe’s Corner in Newtown and $13.55 million for Village Center in Bensalem. The purchase was announced in March, with property records recently confirming the price…

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