36 — July 2026 — Southeastern Pennsylvania — M id A tlantic Real Estate Journal
www.marej.com
S outheastern P ennsylvania SCOPE H&T deal to accelerate H&T’s presence across the region, on the heels of NYC add-on Horvath & Tremblay acquires SCOPE, expanding its CRE platform deeper into the Mid-Atlantic
HILADELPHIA, PA — Scope Commercial Real Estate Services, LLC (SCOPE) , a leading commercial real estate broker- age across the Philadelphia region, led by Phil Sharrow , and Horvath & Tremblay (HT) , one of the nation’s most active and fastest-growing investment real estate bro- kerage firms, announced that SCOPE has joined the Hor - vath & Tremblay platform. With this transaction, Phil Sharrow, founder and presi- dent of SCOPE, to strategize with leadership on the firm’s Mid-Atlantic strategic growth as it grows deeper into the Northeast and beyond. The transaction unites SCOPE’s deep-rooted Mid- Atlantic relationships with Horvath & Tremblay’s nation - al platform, expanded service capabilities, and institutional- grade agent resources — cre- ating a formidable presence for investment real estate in the Philadelphia market and beyond. The new H&T Phila - delphia office will be located at 1650 Arch St. “H&T operates with the P deliveries are gradually absorbed. • Office markets continue to favor high-quality, well-ame- nitized buildings, while older assets remain under pressure and increasingly face conver- sion or repositioning strategies. • Retail remains one of the most stable sectors across the region, supported by limited new construction, tight avail- ability, and demand from food, fitness, discount, grocery, and service-based tenants. • Capital markets are improv - ing selectively, with investors prioritizing stable income, mod- ern product, and assets with clear long-term positioning. Notable Transactions Highlighted in the Q2 2026 Report: • Southern New Jersey: Camber Real Estate Part- ners acquired the 109,000 s/f manufacturing facility at 1813 Underwood Blvd. in Delran, NJ for $14.3 million ($131/s/f). Following the sale, ownership is marketing the property for lease and can accommodate tenant requirements ranging from 29,782 s/f to 109,164 s/f.
and Appraisals divisions — positioning the firm as a full- service investment real estate advisor capable of supporting clients across the entire trans- action lifecycle, from valua- tion and structured financing through disposition and 1031 exchange execution. “Horvath & Tremblay’s growth is a direct reflection of what happens when you give talented brokers the right support, culture without bu- reaucracy, and a national network. Phil and the SCOPE team are exactly the kind of operators we want leading these markets,” said Todd Tremblay , executive VP, Horvath & Tremblay. Sharrow founded SCOPE in 2019 after leading Marcus & Millichap’s top-performing multifamily investment sales group in its Philadelphia office. Under Sharrow’s leadership, SCOPE built a reputation as a go-to regional brokerage for middle-market multifamily and development transactions — earning a seat at the table alongside institutional broker- age firms through a differenti - ated approach rooted in deep redevelopment activity should continue removing obsolete inventory, but a broader recov- ery will depend on sustained leasing momentum and larger tenant commitments. Retail fundamentals are expected to remain stable, supported by limited sup- ply, strong occupancy levels, and continued demand for necessity-based and service- oriented tenants. Capital markets should continue im- proving selectively as pricing expectations align and lenders become more comfortable with stabilized assets. Overall, the remainder of 2026 is expected to favor disci- plined owners, well-capitalized investors, and occupiers fo- cused on efficiency, flexibility, and long-term location strate- gy. High-quality assets should remain best positioned as the market continues to rebalance. WCRE’s Q2 2026 Market Report delivers critical in - sights into the trends shaping the commercial real estate landscape and serves as a stra- tegic resource for owners, in- vestors, lenders, and occupiers navigating a market defined
relationships, strong technical capabilities with local IQ. Joining Horvath & Trem- blay gives SCOPE’s advisors immediate access to a na- tional buyer and investor net- work, proprietary transaction data, a dedicated buy-side desk, centralized marketing support and one of the most recognized workplace cultures in the industry. “Phil and SCOPE have been highly respected in their market for some time. What they’ve done in a short period is exceptional. We look for- ward to building on that with the support of our NYC, NJ, and DC offices,”said Bob Hor- vath , executive VP, Horvath & Tremblay. EXPANDING THE MID- ATLANTIC FOOTPRINT The combination deepens Horvath & Tremblay’s invest - ment in the Pennsylvania, South Jersey and Delaware market. Horvath & Trem- blay and SCOPE are actively growing the Mid-Atlantic team across various roles. If interested in discussing what working with H&T looks like, make contact below. MAREJ by selectivity, stabilization, and opportunity. The full Q2 2026 market re- port is available upon request. About WCRE | CORFAC International WCRE | CORFAC Inter - national is a full-service com- mercial real estate brokerage, advisory and property manage- ment firm specializing in office, retail, medical, industrial and investment properties in New Jersey, Philadelphia and New York metro regions. We provide a complete range of real estate services to commercial prop- erty owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven ex- pertise, and total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal ap- proach to client service, WCRE is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long-term growth and success. MAREJ
Phil Sharrow
Todd Tremblay
Bob Horvath
same urgency and discipline that we are accustomed to while having the resources and reach of the largest play- ers in the industry. This is a great move for everybody involved,” said Sharrow. A PLATFORM BUILT FOR GROWTH Horvath & Tremblay has established itself as one of the most dynamic growth stories in commercial real estate. It currently serves private inves- tors and institutions in the multifamily, retail and indus- trial sectors. Headquartered in Boston, MA, the company expanded to 17 offices across the United States with just under 200 brokers. Its larg- est presence is within New England, followed by Chicago • Philadelphia Industrial: A 345,500 s/f industrial facility in Southwest Philadelphia, for - merly occupied by Tasty Bak- ing Co., traded for $87 million ($252/s/f), demonstrating inves - tor demand for infill industrial assets with strong functional utility and regional access. • Philadelphia Office: A&H Acquisitions Corp. pur - chased Six Tower Bridge at 181 Washington St. in Con - shohocken from Brandywine Realty Trust for $21.0 million ($180.76/s/f). The property was reportedly 42% occupied as of year-end 2025, underscoring continued investor interest in repriced office assets with leasing upside. • Northern New Jersey Industrial: EQT Real Estate acquired 505 State Rte. 33 in Millstone, NJ for $56.6 mil- lion ($256/s/f). The 220,000 s/f industrial property is 100% occupied by Logistics Plus, Inc., reinforcing continued investor demand for stabilized indus- trial assets with credit tenancy. • New York Office: Moody’s signed a 462,000 s/f office lease, one of sev- eral major commitments by
and the Midwest while its Florida offices have also seen rapid expansion. The firm has completed more than 3,000 transactions totaling over $10 billion in aggregate value and has been recognized as a Commercial Real Estate Workplace in the U.S.” for its culture, training infra- structure, and broker support model. Most recently, H&T acquired B6, a NYC-based bro - kerage led by Paul Massey . H&T will be announcing its new NYC office in the coming weeks with 6,000 s/f adjacent to Bryant Park. In 2025, H&T further broadened its capabilities from investment sales and leasing with the launch of dedicated Capital Markets well-capitalized tenants that continue to support New York’s office recovery and reinforce demand for high- quality space. • New York Retail: Catch Hospitality agreed to a 15- year lease for 7,250 s/f at the prestigious 9 W. 57th St. in Midtown Manhattan, back- filling the former Cucina 8 ½ restaurant space. Outlook for the Remain- der of 2026: Looking ahead, WCRE an - ticipates continued market normalization through the sec- ond half of 2026. Industrial markets should benefit from sharply reduced construction pipelines, although elevated availability and cautious tenant expansion may keep conditions tenant-favorable in the near term. Modern logistics assets in established distribution corri- dors are expected to outperform older, less efficient inventory. Office markets are expected to recover gradually, with performance concentrated in high-quality buildings and submarkets with strong ac- cess, amenities, and tenant demand. Conversions and
WCRE 2nd Qtr. 2026 Report: Market rebalancing continues as CRE . . . continued from page 26
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