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Havertown, Pa. — CBRE has arranged the sale of Quarry Center, a 222,512-square-foot shopping center located in Havertown, approximately nine miles west of Philadelphia. The property sold for more than $80 million, as reported by the Philadelphia Business Journal. Giant Food and Lowe’s Home Improvement anchor the property, which was fully leased at the time of sale. Additional tenants include an Xfinity Store by Comcast, Panera Bread and Chipotle Mexican Grill. Quarry Center was originally built in 2013 on 31 acres.
Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE procured the buyer and represented the seller, an entity doing business as Quarry Center LP, in the transaction.