Huntingdon Valley, Pa. — Wilder and J.P. Morgan Asset Management have acquired The Marketplace at Huntingdon Valley, a 257,000-square-foot community center located in Huntingdon Valley, roughly 20 miles north of Philadelphia. Weis Markets anchors the property, which was 95 percent occupied at the time of sale. Additional tenants include LA Fitness, Penn Cinema, Starbucks Coffee, Chipotle Mexican Grill, Dunkin’, Hand & Stone Massage & Facial Spa and Pennsylvania Fine Wine & Good Spirits.
Wilder will oversee leasing, management, marketing and asset strategy for the property, with an immediate focus on placemaking, merchandising and targeted redevelopment initiatives designed to strengthen the center’s position as a community destination.
Ken McEvoy, Bart Delfiner and Keith Seymour of Equity CRE represented the seller, New Century Associates, in the transaction.