Two open-air shopping centers in Newtown and Bensalem have been purchased for $28.9 million. Goodnoe’s Corner, at North Sycamore Street and Durham Road, sold for $15.3 million, and Village Center, 2363 Pasqualone Blvd., Bensalem, sold for $13.5 million. Palladino Development Group recently sold the properties to a joint venture — ShopOne Centers REIT, of New York City, together with London investment firm Pantheon, and a global institutional investor. Meanwhile, Franklin Mall, a 1.6-million-square-foot indoor mall on the border of Bensalem and Philadelphia, remains in receivership and on the market.
Source: The Reporter; 4/20/2025