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.
Philadelphia has more jobs now – more than 640,000, according to the federal jobs census – than since the early 2000s.
That’s unlike wealthy Chester, Montgomery, and Bucks Counties, South Jersey, and the Princeton and Wilmington areas, which still have fewer people working than they did before the recession.
But there’s a big suburban exception, which should give those who want to renew Center City as a corporate center, something to think about:
In… Read More