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PREIT completes South Mall sale, agrees to sell two more
Philadelphia — Pennsylvania Real Estate Investment Trust has completed the previously announced sale of South Mall in Allentown, Pennsylvania, for $23.6 million. Net of closing costs, settlement pro-rations and credits, proceeds from the transaction totaled approximately $23.1 million.
In addition, PREIT has entered into an Agreement of Sale to dispose of its two remaining non-core malls — Nittany Mall and North Hanover Mall.
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Target offers free shipping on web orders of $50 or more
Minneapolis - Nearly all online orders of $50 or more at Target will now qualify for free shipping. The new policy, which takes effect June 23, makes tens of thousands more products eligible for free shipping.
Only oversize and heavy items will be excluded and subject to a handling fee. Target now matches Wal-Mart’s online free shipping offer but still has a higher threshold than the $35 free shipping offer from Amazon.com. Participants in Target’s Red Card loyalty program, which is free to join, always get free online shipping.