NORTHAMPTON COUNTY REPORTER Vol. 57 No. 96 10/31
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Pennsylvania Real Estate Investment Trust
Pennsylvania Real Estate Investment Trust QUARTERLY SUPPLEMENTAL DISCLOSURE (March 31, 2005) www.preit.com Pennsylvania REIT QUARTERLY SUPPLEMENTAL DISCLOSURE (March 31, 2005) Table of Contents Company Information 1 Property Development/Redevelopment Summary 19 Timeline/Recent Developments 2 Top Twenty Tenants Schedule 20 Stock Information 3 Lease Expiration Schedule - Anchor Tenants 21 Market Capitalization and Capital Resources 4 Lease Expiration Schedule - Non-Anchor Tenants 22 Balance Sheet--Wholly Owned and Partnerships Detail 5 New Lease/Renewal Summary and Analysis 23 Balance Sheet--Property Type 6 Capital Expenditures-Quarterly 24 Income Statement--Wholly Owned and Partnerships Detail -Quarterly Comparison 7 Enclosed Mall-Summary and Occupancy 25 Income Statement--Property Type- Quarterly Comparison 8 Enclosed Mall-Rent Summary 26 Income Statement--Retail (Property Status) -Quarterly Comparison 9 Power Center- Summary and Occupancy 27 Income Statement--Retail (Property Subtype) -Quarterly Comparison 10 Strip Center- Summary and Occupancy 28 FFO and FAD 11 Retail Overall- Summary and Occupancy 29 Key Ratios 12 Summary of Portfolio Services 30 Property Debt Schedule--Wholly Owned 13 Flash Report-Quarterly 31 Property Debt Schedule--Partnerships 14 Debt Analysis 15 RECONCILIATION TO GAAP: Debt Ratios 16 Balance Sheet-Reconciliation to GAAP 32 Portfolio Summary--Retail 17 Income Statement-Reconciliation to GAAP -Quarterly 33 Property Acquisitions/Dispositions- Quarterly Summary 18 Flash Report-Reconciliation to GAAP- Quarterly 34 Definitions page 35 THIS QUARTERLY SUPPLEMENTAL DISCLOSURE CONTAINS CERTAIN “FORWARD-LOOKING STATEMENTS” THAT RELATE TO EXPECTATIONS, PROJECTIONS, ANTICIPATED EVENTS, TRENDS AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS REFLECT PREIT’S CURRENT VIEWS ABOUT FUTURE EVENTS AND ARE SUBJECT TO RISKS, UNCERTAINTIES AND ASSUMPTIONS THAT MAY CAUSE FUTURE EVENTS, ACHIEVEMENTS OR RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED BY THE FORWARD-LOOKING STATEMENTS. -
Philadelphia Premium Outlets® the Simon Experience — Where Brands & Communities Come Together
PHILADELPHIA PREMIUM OUTLETS® THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER More than real estate, we are a company of experiences. For our guests, we provide distinctive shopping, dining and entertainment. For our retailers, we offer the unique opportunity to thrive in the best retail real estate in the best markets. From new projects and redevelopments to acquisitions and mergers, we are continuously evaluating our portfolio to enhance the Simon experience - places where people choose to shop and retailers want to be. We deliver: SCALE Largest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills® QUALITY Iconic, irreplaceable properties in great locations INVESTMENT Active portfolio management increases productivity and returns GROWTH Core business and strategic acquisitions drive performance EXPERIENCE Decades of expertise in development, ownership, and management That’s the advantage of leasing with Simon. PROPERTY OVERVIEW PHILADELPHIA PREMIUM OUTLETS® LIMERICK TOWNSHIP, PA Easton MAJOR METROPOLITAN AREAS SELECT TENANTS Allentown Delaware 78 Water Gap Philadelphia: 35 miles southeast Neiman Marcus Last Call, adidas, Ann Taylor Factory Store, Asics, Banana Republic Factory Store, BCBGMAXAZRIA, Brooks Brothers 183 RETAIL Factory Store, Calvin Klein Company Store, Coach Factory Store, Reading 476 Cole Haan Outlet, Diesel, DKNY Company Store, Elie Tahari Outlet, 422 GLA (sq. ft.) 549,000; 150 stores Forever 21, Gap Factory Store, GUESS Factory Store, J.Crew Factory, 76 95 222 Sanatoga -
South Mall PROPERTY HIGHLIGHTS Allentown, Pennsylvania TRADE AREA
south mall PROPERTY HIGHLIGHTS allentown, pennsylvania TRADE AREA we’re preit ® and we build trust MALL HIGHLIGHTS Center Size 405,300 sf Year Opened 1975 Year Remodeled 1992 ANCHORS & JUNIOR ANCHORS The Bon•Ton 101,800 sf Black Rose Antiques 49,100 sf Stein Mart 37,800 sf Ross 27,500 sf Petco 21,800 sf Staples 19,000 sf REstaURANTS & OUTPARCELS A1 Japanese Steakhouse 8,300 sf Starbucks 1,600 sf Bank of America 3,300 sf Loch Jewelers 1,200 sf FEATURED RETAILERS Bath & Body Works Coffee Beanery Foot Locker GameStop Kay Jewelers The Shoe Dept. Victoria’s Secret MALLMALL INFO INFO LOCALOTIONCATION OCCUPOCANCCUPYANCY SALESSALES PER PER RESTAURESTRANTAURANTS S ENTERTENTERTAINMENTAINMENT HOME RATERATE SQUARESQU FOOARET FOOT & DINING& DINING A true retail hybrid– Positioned at the center of the Black Rose Antiques & Collectibles, College students within a 10 minute PROPERTY HIGHLIGHTS a successful cross between “Lehigh Street Auto Mile,” the which has more than 150 antiques drive = 19,300+. the draw of a power center largest and most concentrated dealers, is the largest antiques High school students within 10 miles = MALL INFO andLO CAtheTION appeal ofOC CUPanANC enclosedY SALES PER selectionRESTAURANTS of car ENTERTdealershipsAINMENT center within 90 miles. TRADE AREA RETAILERSRETAILERS DEMOGRAPHICSDEMOGRAPHICS HOUSEHOLHOUSEHOLD D POPULAPOPULATIONTION EDUCAEDUCATIONTION ATTRACATTRTIONSACTIONS RATE MALL INFO SQUARELO FOOCATIONT & DININGOCCUPANCY SALES PER RESTAURANTS ENTERTAINMENT 11,500+. mall. withinRA TEthe Lehigh Valley.SQUARE FOO T & DINING -
Radio Shack Closing Locations
Radio Shack Closing Locations Address Address2 City State Zip Gadsden Mall Shop Ctr 1001 Rainbow Dr Ste 42b Gadsden AL 35901 John T Reid Pkwy Ste C 24765 John T Reid Pkwy #C Scottsboro AL 35768 1906 Glenn Blvd Sw #200 - Ft Payne AL 35968 3288 Bel Air Mall - Mobile AL 36606 2498 Government Blvd - Mobile AL 36606 Ambassador Plaza 312 Schillinger Rd Ste G Mobile AL 36608 3913 Airport Blvd - Mobile AL 36608 1097 Industrial Pkwy #A - Saraland AL 36571 2254 Bessemer Rd Ste 104 - Birmingham AL 35208 Festival Center 7001 Crestwood Blvd #116 Birmingham AL 35210 700 Quintard Mall Ste 20 - Oxford AL 36203 Legacy Marketplace Ste C 2785 Carl T Jones Dr Se Huntsville AL 35802 Jasper Mall 300 Hwy 78 E Ste 264 Jasper AL 35501 Centerpoint S C 2338 Center Point Rd Center Point AL 35215 Town Square S C 1652 Town Sq Shpg Ctr Sw Cullman AL 35055 Riverchase Galleria #292 2000 Riverchase Galleria Hoover AL 35244 Huntsville Commons 2250 Sparkman Dr Huntsville AL 35810 Leeds Village 8525 Whitfield Ave #121 Leeds AL 35094 760 Academy Dr Ste 104 - Bessemer AL 35022 2798 John Hawkins Pky 104 - Hoover AL 35244 University Mall 1701 Mcfarland Blvd #162 Tuscaloosa AL 35404 4618 Hwy 280 Ste 110 - Birmingham AL 35243 Calera Crossing 297 Supercenter Dr Calera AL 35040 Wildwood North Shop Ctr 220 State Farm Pkwy # B2 Birmingham AL 35209 Center Troy Shopping Ctr 1412 Hwy 231 South Troy AL 36081 965 Ann St - Montgomery AL 36107 3897 Eastern Blvd - Montgomery AL 36116 Premier Place 1931 Cobbs Ford Rd Prattville AL 36066 2516 Berryhill Rd - Montgomery AL 36117 2017 280 Bypass -
Profile and Trends
Chapter 4 LAND DEVELOPMENT: Profi le and Trends Note: Refer to the following LVPC publications for more information on this subject: • Lehigh County Parks 2005 • Northampton County Parks 2010 • Lehigh Valley Greenways Plan — 2007 • Natural Areas Inventory Summary — 1999 • A Natural Areas Inventory of Lehigh and Northampton Counties, Pennsylvania — 1999, 2005 (Published by the Pennsylvania Science Offi ce of The Nature Conservan- cy) • Parks, Open Space and Outdoor Recreation Inventory - 2008, Lehigh and Northampton Counties • Bike Rides - The Lehigh Valley — 1994 • Lehigh Valley Trails Inventory - 2013 • 2012 Subdivision and Building Activity Report • An Affordable Housing Assessment of the Lehigh Valley — 2007 • Housing in the Lehigh Valley 2008 -47- TABLE 33 ESTIMATED EXISTING LAND USE — 2010 Wholesale & Trans., Comm. Public & Parks & Agriculture & Residential Commercial Industrial Warehousing & Utilities Quasi-Public Recreation Vacant Total Municipality Acres % Acres % Acres % Acres % Acres % Acres % Acres % Acres % Acres Alburtis 184 9 40 5 5 5 1 2 10 1 2 2 0 0 0 0 60 3 13 2 15 5 3 4 69 7 15 3 110 3 24 2 456 3 Allentown 3,514 2 30 5 846 8 7 3 866 2 7 5 30 4 0 3 2,946 0 25 5 864 0 7 5 1,577 7 13 7 889 8 7 7 11,535 1 Bethlehem (part) 1,033 3 36 8 331 9 11 8 233 7 8 3 9 8 0 3 802 6 28 6 143 2 5 1 121 9 4 3 134 7 4 8 2,811 1 Catasauqua 324 1 38 0 24 0 2 8 34 7 4 1 1 1 0 1 219 6 25 7 54 3 6 4 44 2 5 2 151 4 17 7 853 4 Coopersburg 268 2 44 8 61 8 10 3 18 2 3 0 1 0 0 2 85 3 14 2 32 2 5 4 24 8 4 1 107 2 17 9 598 7 Coplay 200 0 49 8 18 3 4 6 -
Pennsylvania Real Estate Investment Trust ®
Pennsylvania Real Estate Investment Trust ® Supplemental Financial and Operating Information Quarter Ended March 31, 2011 www.preit.com NYSE: PEI Pennsylvania Real Estate Investment Trust Supplemental Financial and Operating Information March 31, 2011 Table of Contents Introduction Company Information 1 Press Release Announcements 2 Market Capitalization and Capital Resources 3 Operating Results Statement of Operations - Proportionate Consolidation Method - Quarters Ended March 31, 2011 and March 31, 2010 4 Net Operating Income - Quarters Ended March 31, 2011 and March 31, 2010 5 Computation of Earnings Per Share 6 Funds From Operations and Funds Available for Distribution - Quarters Ended March 31, 2011 and March 31, 2010 7 Operating Statistics Leasing Activity Summary 8 Summarized Rent Per Square Foot and Occupancy Percentages 9 Mall Sales and Rent Per Square Foot 10 Enclosed Mall Occupancy - Owned GLA 11 Strip and Power Center Rent Per Square Foot and Occupancy Percentages 12 Top Twenty Tenants 13 Lease Expirations 14 Gross Leasable Area Occupancy Summary 15 Property Information 16 Balance Sheet Balance Sheet - Proportionate Consolidation Method 19 Balance Sheet - Property Type 20 Investment in Real Estate 21 Capital Expenditures 23 Debt Analysis 24 Debt Schedule 25 Selected Debt Ratios 26 Shareholder Information 27 Definitions 28 FORWARD-LOOKING STATEMENTS This Quarterly Supplemental and Operating Information contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to expectations, beliefs, projections, future plans, strategies, anticipated events, trends and other matters that are not historical facts. -
Professional Qualifications American Valuation Group
PROFESSIONAL QUALIFICATIONS AMERICAN VALUATION GROUP, INC. PROFESSIONAL PROFILE MARK T. KENNEY, MAI, SRPA, MRICS PRESENT POSITION: Mr. Kenney is President and owner of the firm. His diverse experience includes national appraising of mega malls, super-regional and regional shopping malls, community and strip centers, department stores, discount department stores, “big box” stores, hotels, motels, resorts, apartment complexes, manufacturing facilities, warehouses, office buildings, banks, commercial and residential developments for acquisition, disposition, financing, syndication, ad valorem taxation and federal estate taxation. PROFESSIONAL EXPERIENCE: Prior to his current position, Mr. Kenney was a Principal in Equity Appraisal Co., Inc. from 1987-88. During 1984 to 1987, he was Vice President and part owner of Appraisal Affiliates, Inc., a firm specializing in valuation, finance, real estate taxation and shopping center valuation. Mr. Kenney had been a Senior Analyst with that firm from 1981 to 1984. EDUCATION: Mr. Kenney earned a Master of Business Administration (Concentration in Accounting) from La Salle University. He holds a Bachelor of Arts degree in Economics, Magna Cum Laude, from La Salle University (Concentration in Finance). He has attended numerous seminars on current real estate issues, including: “Capitalization Rates in an Uncertain Market” presented by Peter Korpacz, MAI, CRE, FRICS, at the ABA/IPT’s Advanced Property Tax Seminar in New Orleans, LA (March 23, 2012), “Functional Obsolescence” presented at the ABA/IPT’s -
Limerick Township, Pennsylvania
LIMERICK TOWNSHIP, PENNSYLVANIA PROPERTY OVERVIEW PHILADELPHIA PREMIUM OUTLETS® LIMERICK TOWNSHIP, PA Easton MAJOR METROPOLITAN AREAS SELECT TENANTS Allentown Delaware 78 Water Gap Philadelphia: 35 miles southeast Neiman Marcus Last Call, adidas, Ann Taylor Factory Store, ASICS, Banana Republic Factory Store, Brooks Brothers Factory Store, Calvin Klein Company 183 Store, Coach Factory Store, Cole Haan Outlet, Diesel, DKNY Company Store, RETAIL Reading 476 Forever 21, Gap Outlet, GUESS Factory Store, J.Crew Factory, kate spade 422 GLA (sq. ft.) 549,000; 150 stores new york, Michael Kors Outlet, The North Face, Nike Factory Store, Polo 76 95 222 Sanatoga 276 Ralph Lauren Factory Store, Puma, Restoration Hardware, Sperry Top-Sider, Exit Theory Outlet, Tommy Hilfiger Company Store, True Religion, Under Armour, Lancaster OPENING DATE UGG®, Vera Bradley Philadelphia Opened November 2007 PA Expanded April 2008 TOURISM / TRAFFIC PHILADELPHIA PREMIUM OUTLETS NJ Philadelphia Premium Outlets is located 35 miles northwest of center LIMERICK, PA RADIUS POPULATION city Philadelphia on the border of Montgomery and Chester counties 15 miles: 655,546 offering easy access to all major arteries in the heart of the tri-county area. 30 miles: 4,365,973 Philadelphia is the second largest city on the East Coast and ranks fifth in the 45 miles: 7,534,240 nation with a metro population of 5.8 million. The Pennsylvania Convention Center is the second largest convention center in the Northeast with 1.3 million square feet of floor space. In 2014, Philadelphia International Airport AVERAGE HH INCOME processed over 30.7 million passengers. Limerick Township is a highly 30 miles: $83,437 populated area along the 422 Expressway and rapidly growing. -
Palmer Park Mall 2455 Park Avenue | Easton, PA 18045
Palmer Park Mall 2455 Park Avenue | Easton, PA 18045 JOIN LOCATION 2455 Park Avenue | Easton, PA 18045 ANCHORS Boscov’s, The Bon-Ton, Now under new owership, Palmer Park Mall continues to be one of the dominate MAJOR TENANTS shopping destinations in the Lehigh Valley Rack Room Shoes, Jimmy Jazz, Victoria’s Secret, Bath & Body Works, Payless, Located in one of the fastest growing regions in the state of Pennsylvania; within American Eagle Outtters, Kay Jewelers minutes of US Hwy 22 and PA State Route 33 GLA PARKING Situated approximately 50 miles north of Philadelphia, 80 miles east of Harrisburg, 457,981 SF 1,902 spaces and 70 miles west of New York City For more information: Kathy Hawley | General Manager | 610-428-6233 | [email protected] Palmer Park Mall | Easton, PA 1.5 Miles 33 248 1 Mile 22 Tenant improvement and landlord build-out / Exterior store front/entrance available * Conceptual renovations For more information: Kathy Hawley | General Manager | 610-428-6233 | [email protected] Palmer Park Mall | Easton, PA Leasing Plan Main Entrance Main Entrance B1 MAC KARATE - 1,650 SF B14A UNIQUE EYEBROW - 584 SF C16 HOLIDAY HAIR - 1,200 SF B1A AVAILABLE - 2,757 SF B15 GERTRUDE HAWK - 622 SF D1 RENAISSANCE BOUTIQUE - 2,476 SF B2 AVAILABLE - 2,935 SF B16 AMERICAN EAGLE OUTFITTERS - 5,495 SF D2 CLAIRE’S - 1,000 SF B3 VR CAFE - 4,300 SF B18 RAINBOW SHOPS 8,500 SF D3 GNC - 1,079 SF B4/5A MILFORD FURNITURE - 4,227 SF B22 THE SPORTS SCENE - 3,580 SF D5 VICTORIA’S SECRET - 3,744 SF B5 AVAILABLE - 3,600 SF B23/24 HALLMARK - 3,620 SF -
Experience : Retail
WIREGRASS COMMONS MOUNT BERRY SQUARE FRANCIS SCOTT KEY MALL VALLEY MALL PRINCE GEORGES PLAZA DARTMOUTH MALL CHERRY HILL MALL MOORESTOWN MALL PHILLIPSBURG MALL ECHELON MALL JACKSONVILLE MALL LEHIGH VALLEY MALL SOUTH MALL LOGAN VALLEY MALL CAPITAL CITY MALL CHAMBERSBURG MALL EXPERIENCE : RETAIL PALMER PARK MALL EXTON SQUARE MALL SCHUYLKILL MALL NORTH HANOVER MALL ANNUAL REPORT 2003 LAUREL MALL SHENANGO VALLEY MALL BEAVER VALLEY MALL LYCOMING MALL THE GALLERY AT MARKET EAST PLYMOUTH MEETING MALL VIEWMONT MALL NITTANY MALL WASHINGTON CROWN UNIONTOWN MALL CENTER WYOMING VALLEY MALL WILLOW GROVE PARK ANIA REAL ESTATE INVESTMENT TRUST ANIA REAL ESTATE WEST MANCHESTER MALL MAGNOLIA MALL BRADLEY SQUARE MALL NEW RIVER VALLEY MALL LV SY ENN P PATRICK HENRY MALL CROSSROADS MALL MARTINSBURG MALL VALLEY VIEW MALL Above: photos correspond to the properties listed on the cover. PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (PREIT) (NYSE:PEI), IS ONE OF THE LEADING SHOPPING MALL REITS IN THE MID-ATLANTIC REGION. OUR COMPANY WAS FOUNDED IN 1960 AS ONE OF THE FIRST EQUITY REITS IN THE U.S., AND NOW HAS A PRIMARY INVESTMENT FOCUS ON RETAIL MALLS AND POWER CENTERS LOCATED IN THE EASTERN UNITED STATES. OUR PORTFOLIO OF 58 PROPERTIES INCLUDES 40 SHOPPING MALLS AND 14 STRIP AND POWER CENTERS IN 14 STATES, TOTALING 33.4 MILLION SQUARE FEET. PENNSYLVANIA REAL ESTATE INVESTMENT TRUST IS HEADQUARTERED IN PHILADELPHIA, PENNSYLVANIA. OUR COMPANY’S WEB SITE IS LOCATED AT WWW.PREIT.COM. PENNSYLVANIA REAL ESTATE INVESTMENT TRUST FINANCIAL HIGHLIGHTS* (in thousands, except -
(Allentown-Bethlehem), Pennsylvania Lehigh Valley Affordable City Living
BUSINESS CARD DIE AREA 225 West Washington Street Indianapolis, IN 46204 (317) 636-1600 simon.com Information as of 5/1/16 Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG). WHITEHALL (ALLENTOWN-BETHLEHEM), PENNSYLVANIA LEHIGH VALLEY AFFORDABLE CITY LIVING Located just 50 miles north of Philadelphia, 70 miles west of New York City, and 80 miles east of Harrisburg, Lehigh Valley is the center of the Northeast Megalopolis. — A popular bedroom community for the highly populated neighboring city of Philadelphia, as well as New York and New Jersey, Lehigh Valley is the fastest-growing region in the state of Pennsylvania. — Residents benefit from a strategic location, quality education, lower cost of living, more affordable real estate, and lower taxes making Lehigh Valley a popular place to live, work, and play. — With a population of 840,000, the metro area is the same size as Albuquerque, Omaha, Albany, Knoxville, El Paso, and Baton Rouge. — Deemed one of the 10 Best U.S. Cities for Your Company’s Finance and IT Operations in 2015 by Fortune magazine. — The average household income for the metro area is $76,250—higher than comparably sized markets ($69,500) throughout the country. WEALTHY SURROUNDINGS LuxuryLorem ipsumShoppers dolor Surround sit amet, Lehigh consenuetur Valley Mall:adisplising eli, set diam nonumy eiusinod temtor incidunt et laboril ut dolone magrina. AREA ZIP CODE AVG HH INCOME — Ut neniquer ad minim pariatur, quis suscipit Northexercitato Whitehall ullamaris Township corpor nostrud18069 ladori nisus$107,376 ut consequiat et commondoris aliquip. -
Routine Dental, Routine Vision, and Fitness Provider Directory 2017
BlueJourney HMO and BlueJourney PP0 Routine Dental, Routine Vision, and Fitness Provider Directory 2017 Table of Contents Language Disclaimer .............................................................................................................. ii TABLE OF CONTENTS How to Use This Directory ..................................................................................................... 1 Individual Service Area .......................................................................................................... 2 Employer Group Service Area ............................................................................................... 3 Introduction to Routine Vision Care Providers .................................................................... 4 Vision Providers...................................................................................................................... 5 Ophthalmologist..........5Static Text Optician ......................6Static Text Optometrist ...............12 Static Text Alphabetical Index ................................................................................................................ 25 i Nondiscrimination and Foreign Language Assistance Notice At Capital BlueCross and our family of companies, our customers and the community we serve are at the heart of everything we do. We know health insurance is complicated, and we’re here to make it simple so you can focus on living healthy. Capital BlueCross and its family of companies comply with applicable federal civil rights