Wilder & J.P. Morgan Asset Management acquire 257,000 s/f shopping center in PA

HUNTINGDON VALLEY, PA — Wilder announced the acquisition of The Marketplace at Huntingdon Valley, a 257,000 s/f community shopping center in Pennsylvania, through a newly formed investment partnership with investors advised by J.P. Morgan Asset Management.

Located at 2010 County Line Rd. in Huntingdon Valley, the center is anchored by Weis Markets, the tenant roster includes a complementary mix of national, regional, and service-oriented retailers, including LA Fitness, Penn Cinema, Starbucks, Chipotle, Dunkin’, Hand & Stone, and Pennsylvania Fine Wine & Good Spirits. The property is 95% occupied and has long served as a leading retail destination for the surrounding community.

“The Marketplace at Huntingdon Valley represents exactly the type of asset we’re seeking as we continue to grow our investment platform,” said Brian Cosentino, senior VP, Acquisitions and New Business at Wilder. “The center combines the durable fundamentals of a grocery-anchored property with exceptional demographics, established tenancy, and multiple opportunities to enhance long-term performance. We’re especially proud that this acquisition continues our relationship with J.P. Morgan Asset Management and creates a strong foundation for future investments.”

Ken McEvoy, Bart Delfiner and Keith Seymour of Equity CRE represented the seller in the transaction.