M id A tlantic Real Estate Journal — Southeastern Pennsylvania — October 2025 — 23A
www.marej.com
S outheastern PA
Global food & beverage tech leader renews long-term commitment in Bucks County Gladstone Commercial executes 10-year lease extension at industrial property in Chalfont, PA
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Gladstone Commercial. “This is the third extension we’ve done with them since our origi-
HALFONT, PA — Gladstone Commer- cial Corporation an-
nal purchase, demonstrat- ing their commitment to the space.” “This is a mission crit- ical facility for a quality tenant, and
nounced that it has execut- ed a 10-year, 1 - m o n t h lease exten- sion with JBT Marel Corporation (JBT Marel) at its 67,200
Greg Yayac
Buzz Cooper
we are pleased to continue to have JBT Marel as a tenant in our portfolio,” added Buzz Cooper , president of Glad- stone Commercial. MAREJ
s/f industrial building in Chal- font. JBT Marel is the suc- cessor entity following the recently closed acquisition of Marel hf. by John Bean Tech- nologies Corporation (JBT). JBT Marel designs, produces, and services products and sys- tems for its customers as a lead- ing global food and beverage technology solutions provider. It also provides automated guided vehicle systems with a wide variety of applications in- cluding manufacturing, ware- housing and medical facilities. “We are pleased to have executed another lease exten- sion with JBT Marel as our full building tenant,” said Greg Yayac , senior vice president of Federal Realty Investment Trust welcomes Wonder to Andorra SC PHILADELPHIA, PA — Federal Realty Investment Trust announced that Won- der, a groundbreaking meal - time platform, will open at Andorra Shopping Center in Roxborough. The restaurant is slated to debut in late 2026, occupying a 3,243 s/f space within the center. The new Wonder location will be part of a newly trans- formed retail section at An- dorra Shopping Center, where Federal Realty is investing $32 million to revitalize and modernize the property. The shopping center, located at 701 Cathedral Rd. in Philadelphia, is home to a mix of national retailers including T.J. Maxx, Five Below, Kohl’s, and the recently announced GIANT grocery store. MAREJ Andorra Shopping Center
67,200 s/f industrial building in Chalfont, PA
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