Northeast Tower Center, a 500,000-square-foot regional shopping center located at 4600 Roosevelt Boulevard in Philadelphia, Pennsylvania. Paramount Realty Services, a fully integrated shopping center company with over 12 million square feet under management and ownership, was the seller in the transaction. The center is located within the city limits of Philadelphia on 12-lane Roosevelt Boulevard, which has traffic counts in excess of 93,000 cars per day. Constructed in 1996 as the retail destination serving Lower Northeast and North Philadelphia, Northeast Tower Center is anchored by Walmart and Home Depot.

Read more, Iconic Regional Shopping Center Anchored by Walmart Sold by Institutional Property Advisors

Mika Matikainen is a Design Founder & Advisor, Berlin School of Creative Leadership Executive MBA participant, Zippie advisor, Wolt co-founder, and Nordic Rose stakeholder.