Investment firm buys a local retailer

Article Abstract:

TSG Capital Group LLC is acquiring the House of Bargains store chain. House of Bargains is a 54-children's apparel discount store chain that has outlets in Philadelphia and in Newark, New Jersey. TSG is planning to turn House of Bargains into national retailer that focuses on minorities. In 1997, the store chain posted $48.5 billion in sales. TSG is a private investment company.

Comment:

TSG Capital Group LLC acquiring the House of Bargains store chain

Asset sales & divestitures, Investment Companies, Open-End Investment Funds, Children's & Infants' Wear Stores, Children's and Infants' Clothing Stores, Abstract, Children's clothing stores, TSG Capital Group, L.L.C., House of Bargains

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Meridian site sold; high-rise planned

Article Abstract:

Philadelphia, Penn.-based Arden Group has acquired the high-rise office, shopping and residential complex known as the One Meridian building. The complex, which as sold for $ 13.2 million, will become a mixed-use development.

Commercial and Institutional Building Construction, Office Buildings, Nonresidential construction, not elsewhere classified, Office construction, Arden Group Inc. (Philadelphia, Pennsylvania)

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