Pennsylvania

Yardley, Pa. — JLL Capital Markets has arranged the $39 million sale of Prickett Preserve, a 56,252-square-foot shopping center located in Yardley, roughly 30 miles northeast of Philadelphia. Prickett Preserve holds the highest price per square foot for any shopping center deal ever sold in the Philadelphia MSA, according to JLL. Completed between 2023 and 2024, the property serves as the retail centerpiece of the broader Prickett Preserve mixed-use development. The center was 99 percent leased at the time of sale to tenants including CVS Pharmacy, Chase Bank, Chipotle Mexican Grill, …

Douglassville, Pa. — Marcus & Millichap has negotiated the $10 million sale of a retail portfolio located in Douglassville, roughly 40 miles northwest of Philadelphia. The portfolio, which spans 48,736 square feet, includes two retail strip centers, three freestanding pads and a nearly 2-acre development site. The strip centers are fully leased, while Dollar Tree, Chase Bank and Michael’s Restaurant occupy the three freestanding properties.   Colin Reder and Derrick Dougherty of Marcus & Millichap represented the seller, the family of the original developer, and procured the buyer, a Philadelphia-based company.

Dickson City, Pa. — CBRE has negotiated the sale of Dickson City Commons, a 110,254-square-foot shopping center located in Dickson City, roughly four miles north of Scranton. Marshalls and Michaels anchor the property, which features a mix of additional tenants such as Skechers, Famous Footwear, Pet Supplies Plus and Fine Wine & Good Spirits. The property has undergone recent renovations totaling nearly $1 million, including a parking lot resurfacing project, façade upgrades, roof repairs, LED lighting enhancements and landscaping improvements. Chris Munley, Colin Behr, Ryan Sciullo and Casey Smith of CBRE …

Monroeville, Pa. — Frontier Realty Group, a newly launched joint venture between Wharton Realty Group and KSR Capital, has acquired Miracle Mile Shopping Center, a 302,000-square-foot retail property located in Monroeville, roughly 20 miles east of Pittsburgh. Spanning 27.5 acres, Miracle Mile was fully leased at the time of sale to a mix of tenants including Marshalls, Ulta Beauty, Old Navy, Chick-fil-A, Panera Bread and DSW. Daniel Massry, Marc Sitt, Robbie Millman, Isaac Massry, Morris Sabbagh and Abraham Kassin of Frontier Realty Group internally represented themselves. Colin Behr, Christopher Munley, Ryan …

Pottstown, Pa. — Marcus & Millichap has negotiated the $6 million sale of the Upland Square retail pads, which are outparcels to the Upland Square Shopping Center, a 400,716-square-foot power center in Pottstown, approximately 20 miles east of Reading. The two buildings, which were built in 2009 and 2016, total 10,944 square feet. The property features three retail suites and was fully occupied at the time of sale. Tenants include Aspen Dental, Starbucks Coffee and Chili’s. Anchored by Giant, Upland Square Shopping Center sits adjacent to the retail outparcels and features …