PHILADELPHIA-The Columbus, OH-based retail REIT reduces interest costs on previous financing that was secured by 24 centers. The new debt is at Libor plus 1.95% for an initial rate of 3.67%, versus rates of as much as Libor plus 6%.

PHILADELPHIA-By nearly every measure, the locally based REIT makes a strong showing in the quarter and year to date. Its third-quarter combined net operating income rose 20%, compared with third-quarter 2001, and same store

PHILADELPHIA-The West Conshohocken, PA-based REIT pays $38 per sf for a 262,500-sf warehouse and distribution center fully leased for the next three years at 5% below the current market rate, or about $4 per sf, according to GlobeSt.com research.

PHILADELPHIA-The Johnstown, PA-based REIT disposes of its smallest mall, a combination enclosed facility and adjacent strip center in Carlisle, PA. Locally based Carlisle Realty Partners pays $5.8 million for the 342,000-sf property, which has been operating at a small loss.

PHILADELPHIA-The Malvern, PA-based company's president and CFO sees "no signs of improvement" in third quarter. Citing continuing consolidations and downsizing, he says, "We expect to be in an intense battle for every piece of business through next year.

AUSTINTOWN, OH-The Minnetonka, MN-based drug store chain Snyders has signed a 10-year lease for Tamco Distribution Center, which has sat idle since Youngstown, OH-based Phar-Mor's assets were liquidated in bankruptcy court in July. The lease-holder, Pittsburgh-based Giant Eagle, contributed $1.5 million in incentives.

BERWYN, PA-A four-building complex on 44 acres in the northwestern suburbs of Philadelphia has won "best business park setting" honors from the local chapter of BOMA. The 444,000-sf property, completed by Cranford, NJ-based Mack-Cali in 1989, is 81% occupied.

PHILADELPHIA-The Malvern, PA-based company's president and CFO sees "no signs of improvement" in third quarter. Citing continuing consolidations and downsizing, he says, "We expect to be in an intense battle for every piece of business through next year.