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BUSINESS DEALS

Pennsylvania Real Estate Investment Trust has signed an agreement to purchase the 1.1 million-square-foot Orlando Fashion Square in Orlando, Fla., for $123.5 million. PREIT will buy the mall from an affiliate of Colonial Properties Trust and its joint venture partner…SIMA Cascade Village, a subsidiary of SIMA Corp., is turning the former 350,000-square-foot Mountain View enclosed mall into a 440,00-square-foot open-air center…Chicago-based LaSalle Investment Management bought the 80,000-square-foot open-air Anchorage Shopping Center at Fisherman's Wharf in San Francisco for close to $100 million…LPC Realty Advisors, an affiliate of Lincoln Property Co. bought eight shopping centers in Austin, Texas, for a reported $140 million to $150 million from Central Texas Retail Portfolio. LPC acquired the centers, which total 1.4 million square feet, for a public pension fund…Inland Western Real Estate Trust, part of the Real Estate Group of Cos. has entered Tennessee, with the purchase of three shopping centers: The Columns in Jackson, Harvest Town Center in Knoxville and the Winchester Commons Shopping Center for a total of about $34 million…CB Richard Ellis Inc. represented REIT Malan Liquidating Trust, a successor of Malan Realty Investors, in the sale of 306,000-square-foot Bricktown Square (below).

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