Sinking Spring, Pa. — Cooper Commercial Investment Group has negotiated the $5.5 million sale of a single-tenant retail property located in Sinking Spring, approximately 60 miles southeast of Philadelphia. CVS Pharmacy occupies the 13,225-square-foot building on a triple-net lease. Dan Cooper of Cooper Commercial Investment Group represented the seller, a private investor based in Pennsylvania. A West Coast-based 1031 exchange buyer purchased the property.
New York — Newmark has arranged a $415 million loan to refinance a retail portfolio across Connecticut, Pennsylvania, New Jersey and Massachusetts. Totaling 2.4 million square feet, the portfolio comprises 13 open-air centers that are located in densely populated infill markets. Twelve of the properties are anchored by grocery tenants. Jordan Roeschlaub, Nick Scribani, John Caraviello and Dan Axelson and Adam Doneger of Newmark secured the financing through HPS Investment Partners on behalf of a separate managed account for the borrowers, DRA Advisors and KPR Centers.
Pennsylvania — Marcus & Millichap has brokered the sale of a portfolio of 10 Dollar General stores in Pennsylvania. The addresses were not disclosed, but the stores are all new construction and operate under 15-year, triple-net leases. Don McMinn and Andrew Koriwchak of the Taylor McMinn Retail Group of Marcus & Millichap brokered the deal. The seller was a developer, and the buyer was an institutional investment firm. “This marks our fourth Dollar General portfolio closing in the past 12 months, with investor demand remaining strong across both private and …
Philadelphia — Rita’s Italian Ice & Frozen Custard finished 2025 with more than 600 locations worldwide, with further expansion planned in the year ahead. In 2025, Rita’s opened 35 new shops systemwide, including new shop openings across the Southeast, Texas and Mid-Atlantic, as well as the brand’s first-ever location in Louisiana. This year, Rita’s expects to open approximately 45 additional shops. Drive-thru development emerged as one of Rita’s growth drivers in 2025. Across the system, the company reports that drive-thru locations are delivering more than 30 percent higher performance compared to …
Pittsburgh — CBRE has arranged the sale of McKnight Siebert Shopping Center, a 52,750-square-foot neighborhood center located in Pittsburgh. Shannon Waltchack purchased the property from First Washington Realty. Chris Munley, Colin Behr, Ryan Sciullo, Casey Benson Smith, RJ Mirabile and Michael Pascavis of CBRE represented the seller in the transaction. Tenants at the McKnight Siebert Shopping Center include Walgreens, Starbucks Coffee, The UPS Store, Bruegger’s Bagels, Sports Clips and T-Mobile. The property was built in 1957 on 5 acres, according to Loop Net.
Phoenixville, Pa. — Marcus & Millichap has brokered the $7.4 million sale of Phoenixville Shopping Center, a 33,093-square-foot retail property located in Phoenixville, roughly 28 miles northwest of Philadelphia. Built in 2007 on nearly 4 acres, the center is fully leased and shadow anchored by ACME Markets. Additional tenants include Fresenius Kidney Care, Labcorp, NovaCare Rehabilitation, State Farm, Benchmark Federal Credit Union and Habitat for Humanity ReStore, as well as a mix of local service and retail operators. Scott Woodard and Derrick Dougherty of Marcus & Millichap represented the seller, …
Philadelphia — JLL Capital Markets has negotiated the $30.8 million sale of the Shoppes at Wissinoming, a 97,982-square-foot neighborhood shopping center located in Northeast Philadelphia. ShopRite anchors the property, which was 98 percent occupied at the time of sale. Additional tenants include Wawa, Popeyes, AT&T, Elite Dental and Wissinoming Laundromat. The 11.3-acre site was originally built in 2018. Jim Galbally, Patrick Higgins and JP Colussi of JLL’s sales and advisory team represented the seller, ARCTRUST, in the transaction. The buyer was an affiliate of Brown’s Real Estate.
Pa., Ohio and N.J. — JLL Capital Markets has arranged the $126 million sale of three shopping centers totaling nearly 770,000 square feet across Pennsylvania, Ohio and New Jersey. JLL represented the seller, SITE Centers Corp., in the transaction. The buyer was Haverford Retail Partners. The first property, Southmont Plaza in Easton, Pennsylvania, encompasses 250,939 square feet and is anchored by Dick’s Sporting Goods and Lowe’s Home Improvement. Meanwhile, Stow Community Shopping Center in Stow, Ohio, comprises 418,587 square feet across eight buildings and is anchored by Giant Eagle. The …
Lancaster, Pa. — CBRE has brokered the sale of The Shops at Prospect, a 63,392-square-foot shopping center in Lancaster, located roughly midway between Philadelphia and Harrisburg. Grocer Giant anchors the center, which is also home to tenants such as Penn State Health and Hillcrest Pharmacy. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE represented the seller, Brixmor Property Group, in the transaction. Bennett Williams Commercial represented the buyer, Deerin Cos.
Easton, Pa. — CBRE has negotiated the sale of Forks Town Center, a 100,250-square-foot shopping center located in the Lehigh Valley city of Easton. Giant Food anchors the center, which was fully leased at the time of sale. Additional tenants include Dunkin’, PNC Bank, Fine Wine & Good Spirits and Verizon Wireless. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE’s National Retail Partners team represented the seller, JC Bar Properties Inc., in the transaction.
