Marcus & Millichap closes $27M Wawa portfolio sale in a 1031 Exchange

PHILADELPHIA, PA — Marcus & Millichap announced the $27,142,794 sale of a four-property Wawa portfolio in Newtown, Pottstown, Warrington, and Fairless Hills, PA.

“Earlier this year, we represented a client in the sale of two well-located shopping centers in Bucks County and this sale completes a 1031 exchange into four Wawa assets,” said Scott Woodard, senior director investments in Marcus & Millichap’s Philadelphia office. Woodard and Derrick Dougherty, senior managing director investments with Marcus & Millichap, brokered the sales on behalf of the buyer. The sellers are large regional developers, local private owners and developers, and East Coast-based owners and operators. In March 2025, Woodard and Dougherty brokered the sales of Goodnoe’s Corner, a 34,660 s/f town center in Newton, and Village Center, an 87,705 s/f grocery-anchored shopping center in Bensalem to begin the 1031 exchange process on behalf of their client.

The properties in Newtown and Pottstown are 5,000 s/f assets built in 2025. The Wawa in Warrington was constructed in 2025 on 5,585 s/f, and the Fairless Hills Wawa was built in 2023 on two acres.