JBG Rosenfeld Retail to build lifestyle center in King of Prussia, Pa.

JBG Rosenfeld Retail plans to build a 200,000-square-foot lifestyle center in King of Prussia, Pa. The company has acquired 20 acres for the project, which will be called the King of Prussia Town Center. Realen Properties is the seller. The sale price was not disclosed, but estimates value the property at around $10 million. Read the American City Business Journals/Philadelphia/Real Estate blog story here.