SHOPPING CENTERS
Park Plaza
Manitowoc, WI
- Type: Value-Add Shopping Center
- GLA: 110,266
- Anchor’s: Hobby Lobby, Ollie’s
- Acquired: July 2024
Amherst Shopping Center
Massillon, OH
(Canton/Massillon/Akron MSA)
- Type: Grocery Anchored Community Center
- GLA: 93,000
- Anchors: Marc’s, Dollar General
- Acquired: June, 2024
- Property Leasing Brochure
Greater Lewistown Shopping Center
Burnham, Pennsylvania
(Greater Lewistown, MSA)
- Type: Grocery Anchored Community Center
- GLA: 177,752
- Anchors: Weis Markets, Dunham’s Sports, JC Penney
- Acquired: December, 2022
- Property Leasing Brochure
Orchard Plaza
Altoona, PA
(Altoona, MSA)
- Type: Value-add Shopping Center
- GLA: 83,500
- Anchors: BigLots, American Red Cross
- Acquisition Date: November 2021
- Property Leasing Brochure
Vacant K-Mart Re-Development
Thorndale, Pennsylvania
(Philadelphia, MSA)
- Type: Vacant stand alone K-Mart
- GLA: 105,000
- Acquired: June, 2019
- Redevelopment efforts resulted in the proposed reduction of the building to 85,000 sq ft to be anchored by a grocer and other national credit tenants while opening up the parking field for 2 new credit-tenant pad sites
- Before needing to inject the value-add capital, the property was sold to an end user who paid a 66% premium over the as-is value of the property, not only preserving equity during a pandemic, but returning equity in the property which was then recycled via a § 1031 exchange
- Sold: December, 2022
DEVELOPMENTS
Narberth Square
Narberth, PA
Ground Up Mixed-Use Development
- Acquired a 30+yr old green house on 2.3 acres on a hard signalized corner in a dense, affluent, and educated neighborhood on Philadelphia’s prestigious Main Line.
- Obtained full entitlements (during COVID) to build 25 market rate apartments over 23,450sqft of retail
- Ground Breaking May 2023, expected Opening: Fall 2024 – narberthsquare.com
- Acquisition Date: June 2021
- Property Leasing Brochure
1800 Chapel
Cherry Hill, NJ
Outparcel Value Creation
- Partnered with a 3-building, 185,000 sq ft office park owner to create value by developing excess parking fields
- Entitlements to allow 2 standalone pads: one, a multi-tenant retail pad with a QSR drive-thru, and a second free-standing pad for a childcare center – APPROVALS RECEIVED DECEMBER 2023
- Joint Venture formed March 2022
- Property Leasing Brochure