4 — October 2026 — Retail Development — M id A tlantic Real Estate Journal
www.marej.com
R etail D evelopment
Including Water Tower Square in Montgomeryville CBRE arranges two PA retail center sales totaling 379,272 s/f
Wilder & J.P. Morgan Asset Management acquire 257,000 s/f shopping center in PA
ENNSYLVANIA — CBRE arranged the sale of two Pennsylva- nia shopping centers totaling 379,272 s/f, including Water Tower Square in Montgom- eryville and Dickson City Commons in Dickson City. In Montgomeryville, ECHO Realty and TPG acquired the 269,018 s/f Water Tower Square from The Goldenberg Group through a newly formed joint venture, marking the partnership’s first acquisition. Chris Munley, Colin Behr, Ryan Sciullo and Casey Smith of CBRE’s National Re- tail Partners team represented the seller. Located at 751 Horsham Rd. near the Five Points intersec- tion of U.S. Rte. 202, PA Rte. 309 and PA Rte. 463, Water Tower Square is anchored by The Home Depot and Sprouts Farmers Market. Other tenants include Planet Fitness, Flag- ship Cinemas, Bob’s Discount Furniture, World Market and Miller’s Ale House. “Water Tower Square offered investors the opportunity to acquire a best-in-class shop- ping center in a dominant Philadelphia MSA retail cor- ridor, anchored by a unicorn tenant in Home Depot,” Behr said. “The transaction further underscores the strength of the region, serving as the first P JERSEY CITY, NJ — Plan- et Fitness is coming to Twin City Shopping Center in Jersey City, bringing the 95,000 s/f, grocery-anchored property to full occupancy. The nationally recognized fitness brand has leased a 16,000 s/f space at the center, located at the intersec- tion of Garfield Ave./Broadway and 53rd St. Levin Management Cor- poration (LMC) serves as leasing and managing agent for Twin City Shopping Center. E.J. Moawad , LMC senior leasing representative, ar- ranged the lease on behalf of the property ownership. Jack Chera of RIPCO Real Estate LLC represented Planet Fit- ness in the transaction. The Planet Fitness com- mitment builds on significant leasing momentum at Twin City Shopping Center, where recent additions include PB Club, Jersey City’s first dedi - cated indoor pickleball facility;
The Marketplace at Huntingdon Valley
“The Marketplace at Huntingdon Valley repre- sents exactly the type of asset we’re seeking as we continue to grow our investment plat- form,” said Brian Cosentino , senior VP, Acquisitions and New Business at Wilder. “The center combines the durable fundamentals of a grocery-anchored property with exceptional demograph- ics, established tenancy, and multiple opportunities to en- hance long-term performance. We’re especially proud that this acquisition continues our relationship with J.P. Morgan Asset Management and cre- ates a strong foundation for future investments.” Ken McEvoy, Bart Delfin - er and Keith Seymour of Equity CRE represented the seller in the transaction. MAREJ
HUNTINGDON VALLEY, PA — Wilder announced the acquisition of The Market- place at Huntingdon Valley, a 257,000 s/f community shop- ping center in Pennsylvania, through a newly formed in- vestment partnership with in- vestors advised by J.P. Mor- gan Asset Management . Located at 2010 County Line Rd. in Huntingdon Valley, the center is anchored by Weis Markets, the tenant roster in- cludes a complementary mix of national, regional, and service- oriented retailers, including LA Fitness, Penn Cinema, Starbucks, Chipotle, Dunkin’, Hand & Stone, and Pennsylva- nia Fine Wine & Good Spirits. The property is 95% occupied and has long served as a lead- ing retail destination for the surrounding community.
Water Tower Square
Dickson City Commons
acquisition for the new Echo Realty and TPG venture and highlighting continued demand from new institutional capital.” Munley credited The Golden- berg Group with strengthening the asset by securing Sprouts Farmers Market as a new an- chor and enhancing the center’s long-term fundamentals. In Dickson City, Getty Corp. acquired the 110,254 s/f Dick- son City Commons from Meri- tus Realty Ventures . Mun- ley, Behr, Sciullo and Smith
also represented the seller in the transaction. Located at 1106 Commerce Blvd. in the Scranton-Wilkes- Barre metropolitan area near I-81, U.S. Rte. 6 and Rte. 11, the center is anchored by Mar- shalls and Michaels. Other ten- ants include Skechers, Famous Footwear, Pet Supplies Plus and Fine Wine & Good Spirits. Munley said Meritus Re- alty Ventures repositioned the property and improved its value ahead of the sale. MAREJ
Institutional Property Advisors brokers shopping center sale in Capitol Heights, MD
Moawad of Levin Management Corporation brokers 16,000 s/f lease for Planet Fitness at Twin City Shopping Center in Jersey City
Coral Hills
international bank. Constructed in 1988 on over six acres, the Coral Hills shop- ping center serves surrounding residential neighborhoods and the broader Prince George’s County trade area. The center is home to a mix of national re- tailers, medical and profession- al service providers, and casual dining concepts. Its prominent location along Marlboro Pk., a highly trafficked commercial corridor, provides convenient access and strong visibility within the greater Washington, DC metropolitan area. MAREJ
CAPITOL HEIGHTS, MD — Institutional Property Advisors (IPA) , a division of Marcus & Millichap, an- nounced the sale and financ - ing of Coral Hills, an 85,514 s/f shopping center in Capitol Heights. David Crotts and Dean Zang of IPA represented the seller, a national investment management company, and procured the buyer. Jared Cassidy , senior director in MMCC’s Washington, DC of- fice, secured the financing on behalf of the buyer through an
Twin City Shopping Center
children’s play concept Catch Air; and Sakura Teriyaki. The center’s tenant lineup also in- cludes Aqui Market, Wendy’s, Taco Bell, Popeyes Louisiana Kitchen and Dunkin’, along with a variety of neighborhood retailers and service providers. The Planet Fitness lease brings Twin City Shopping Center to full occupancy and fol- lows a period of leasing activity and capital investment at the
property. Recent improvements include façade and stonework upgrades, sidewalk enhance- ments, LED site lighting, pylon signage, fencing, landscaping and Tesla EV chargers. The transaction also con- tinues LMC’s activity with Planet Fitness, with the firm completing several leases with the fitness brand across its managed portfolio in recent years. MAREJ
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