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An affiliate of High Real Estate Group has purchased Suburbia Shopping Center, a 154,219-square-foot retail property in Pottstown, Pa., from The Gambone Group. The property traded for $23.8 million, according to CommercialEdge data.

To finance the acquisition, the buyer took out a four-year, $17.5 million loan from Rialto Capital Management, the same source shows. JLL Capital Markets arranged the deal on behalf of the seller.