Mid Atlantic Real Estate Journal — The Best of 2012 — March 29 - April 11, 2013 — 11C
www.marejournal.com
The BEST retaiL saLe of 2012
Marcus & Millichap Philadelphia Homburg Portfolio, central & ePa — 561,110 sF —
W P realty devon Village Devon, Pa — 89,000 sF —
Bennett Williams Kingston square sc York, Pa — 66,200 sF —
Devon Village
Kingston Square SC
Homburg Portfolio
WP Realty sold Devon Village to a subsidiary of Kimco Realty Corporation. Devon Village is an 89,000 s/f shopping center anchored by a newly expanded and renovated Whole Foods Market. Since purchasing the property in 2009, WP Realty has uti- lized its strong relationships and expertise in leasing, development, and management to solidify all tenan- cies and expand the center by 20,000 s/f. In addition to expanding the size of Whole Foods’ store and extending their lease, WP Realty was suc- cessful in leasing the expansion space to a strong mix of national and regional tenants, including Starbucks, Beneficial Bank, and AAAMid-Atlantic.
Central and Eastern Pennsylvania Brad Nathanson represented the buyer
York, PA Brokers: Chad Stine, Brad Rohrbaugh
The sale consisted of seven grocery-anchored shop- ping centers, six of which are anchored by Giant Food Stores LLC, PA (a wholly-owned subsidiary of Ahold N.V.) and one by a Nell’s Supermarket. The proper- ties are located in central and eastern Pennsylvania and include the following: Aston Center, Aston, PA; Ayr Town Center, McConnellsburg, PA; Parkway Plaza, Mechanicsburg, PA; Pennsboro Commons, Pennsboro, PA; Scott Town Center, Bloomsburg, PA; Spring Meadow Shopping Center, Reading, PA; and Stonehedge Square, Carlisle, PA.
Kingston Square is one of the most desirable and centrally located retail centers in the heart of the East York shopping district. Surrounded my retail, office, commercial, and residential, this center is ideal for nearly any retail user. Limited space still remains to be leased. Join Edward Jones, Baja Beach Tanning, Subway, and many more.
Leasing the Industry into 2013 d
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