Our Capital Markets Group is pleased to announce on behalf of MCB Real Estate and Alex Brown Realty that it has closed the investment sale of 140 N. MacDade Boulevard in Glenolden, Pennsylvania to Wharton Realty Group. The property, a 108,587 square foot grocery-anchored shopping center, features a newly renovated ShopRite and is at 100% occupancy.
“The investor demand for grocery-anchored shopping centers is stronger than ever,” said James Galbally, lead broker, JLL. “Especially for the dominate stores in the market – in this case, ShopRite. Not only is the Glenolden store one of the leading supermarkets, but it is located in Delaware County, one of the most densely populated trade areas in the Philadelphia suburbs.”