{"id":1004160749,"date":"2016-12-06T04:56:18","date_gmt":"2016-12-06T12:56:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004160749"},"modified":"2022-12-09T01:12:17","modified_gmt":"2022-12-09T09:12:17","slug":"echo-realty-buys-3-grocery-anchored-centers-in-philadelphia","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/echo-realty-buys-3-grocery-anchored-centers-in-philadelphia\/","title":{"rendered":"ECHO Realty Buys 3 Grocery-Anchored Centers in Philadelphia"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<p><strong>Philadelphia<\/strong>\u2014ECHO Realty has announced the purchase of three grocery-anchored shopping centers in metro Philadelphia.<\/p>\n<div id=\"attachment_1004160760\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/GIANT-market.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004160760\" data-attachment-id=\"1004160760\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/echo-realty-buys-3-grocery-anchored-centers-in-philadelphia\/giant-market\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/GIANT-market.jpg\" data-orig-size=\"959,655\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;IvyLee Rosario&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"GIANT market located at 2721 Street Road, Bensalem Pa.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;GIANT market located at 2721 Street Road, Bensalem Pa. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/GIANT-market.jpg?w=959\" class=\"wp-image-1004160760 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/GIANT-market.jpg\" alt=\"GIANT Marketplace located at 2721 Street Road, Bensalem Pa. \" width=\"300\" height=\"205\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/GIANT-market.jpg 959w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/GIANT-market.jpg?resize=300,205 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/GIANT-market.jpg?resize=768,525 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004160760\" class=\"wp-caption-text\">GIANT Marketplace located at 2721 Street Road, Bensalem Pa.<\/p><\/div>\n<p>GIANT Marketplace, an 88,500-square-foot property in Bensalem features GIANT, TD Bank, AT&amp;T Wireless, Papa John&#8217;s and more. Media Shopping Center, a 71,000-square-foot Acme-anchored plaza in Media houses tenants such as PetValu, Benjamin Moore Paints and Super Cuts. Lionville Station, a 79,000-square-foot center in Lionville is home to Limoncello Restaurant, Manhattan Bagel and Citadel Federal Credit Union, among others.<\/p>\n<p>&#8220;We began to work with the Shooster family several years ago and are very pleased that we are finally acquiring these centers,&#8221; Drew Gorman, senior vice president of acquisitions\u00a0and development, said in prepared remarks. &#8220;The centers are well located, time-tested properties that also provide an opportunity for enhanced value.&#8221;<\/p>\n<p>This purchase adds nearly 250,000 square feet to ECHO&#8217;s shopping center portfolio, one month after the company&#8217;s acquisition of two Harris Teeter-anchored properties in Charlotte, N.C.\u00a0ECHO also purchased 15 acres in Dunkirk, Md., where construction will commence on a 100,000-square-foot, Harris Teeter-anchored shopping center set to open in spring 2018.<\/p>\n<p>&#8220;We are very excited to be able to achieve a greater critical mass of high-quality grocery-anchored shopping centers in the greater Philadelphia market which has been one of our targeted growth areas for many years,&#8221; added Thomas Karet, CEO of ECHO Realty.<\/p>\n<p><em>Image courtesy of ECHO Realty<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This purchase adds nearly 250,000 square feet to ECHO&#8217;s shopping center portfolio, one month after the company&#8217;s acquisition of two Harris Teeter-anchored properties in Charlotte, N.C. <\/p>\n","protected":false},"author":746,"featured_media":1004160760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,10,1494,21749],"tags":[32996,32997,32998],"class_list":["post-1004160749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-northeast","category-philadelphia","category-retail","tag-echo-realty","tag-giant-food","tag-lionville-shopping-center"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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