{"id":1004192534,"date":"2017-10-05T03:45:17","date_gmt":"2017-10-05T11:45:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004192534"},"modified":"2022-12-08T22:08:39","modified_gmt":"2022-12-09T06:08:39","slug":"philly-investor-nabs-shopping-center-in-the-metro","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/","title":{"rendered":"Philly Investor Nabs Shopping Center in the Metro"},"content":{"rendered":"

By Tudor Scolca<\/em><\/p>\n

\"Whiteland<\/a>

Aerial view of Whiteland Towne Center<\/p><\/div>\n

A joint venture between Abrams Realty & Development and Gorman & Co. purchased Whiteland Towne Center in Exton, Penn. The 359,673-square-foot shopping mall was sold by an affiliate of Equus Capital Partners. CBRE\u2019s Brad Nathanson, Bill Tourtellotte, Kevin McClernon and John Colussi represented the seller in the transaction. Abrams Realty & Development affiliate ARD MacArthur LLC recently purchased another metro Philadelphia\u00a0retail center<\/a>\u00a0for $14.3 million.<\/p>\n

\u201cA perfect marriage existed in the end with the selected purchaser. Abrams Realty & Development brings over 20 years of retail expertise in developing and operating over 2.5 million square feet within the MSA coupled with Gorman & Company, the original developers of the largest office park within the Exton submarket, Oaklands Corporate Center, at over 2 million square feet,<\/em>\u201d said Brad Nathanson, executive vice president at CBRE\u2019s Philadelphia office, in a prepared statement.<\/p>\n

High-density for retail<\/h2>\n

Whiteland Towne Center is located on a 10-acre lot at 229 W. Lincoln Highway in Exton, Penn., approximately 30 miles from downtown Philadelphia. The intersection between Route 30 and Route 100 serves as a major retail area\u00a0that boasts a median household income of over $90,000 within a three-mile radius, while daily traffic counts\u00a0more than 35,000 vehicles.\u00a0The property is currently 79 percent\u00a0leased and anchored by national retailers such as Party City, Big Lots, Total Hockey, Famous Footwear, Petco and a CVS Pharmacy now under construction.<\/p>\n

\u201cWhiteland Towne Center represents an opportunity to reposition an asset we know well, in a great township with an increasing demand for more services. Abrams is the perfect partner to help us execute this,<\/em>\u201d said Jim Gorman, general partner at Gorman & Co., in a prepared statement. Abrams Realty & Development will also handle managing and leasing operations on behalf of the partnership.<\/p>\n

Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 359,673-square-foot property boasts good exposure and is situated off a major junction in Exton, Penn., only 30 miles from Philadelphia. <\/p>\n","protected":false},"author":1284,"featured_media":1004192536,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,10,1494,21749],"tags":[34376,32789,37859],"class_list":["post-1004192534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-northeast","category-philadelphia","category-retail","tag-abrams-realty-development","tag-cbre","tag-gorman-company"],"acf":[],"yoast_head":"\nPhilly Investor Nabs Shopping Center in the Metro - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philly Investor Nabs Shopping Center in the Metro\" \/>\n<meta property=\"og:description\" content=\"The 359,673-square-foot property boasts good exposure and is situated off a major junction in Exton, Penn., only 30 miles from Philadelphia.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-05T11:45:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T06:08:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Whiteland-Towne-Center-in-Exton-PA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1389\" \/>\n\t<meta property=\"og:image:height\" content=\"822\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/\",\"name\":\"Philly Investor Nabs Shopping Center in the Metro - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Whiteland-Towne-Center-in-Exton-PA.jpg\",\"datePublished\":\"2017-10-05T11:45:17+00:00\",\"dateModified\":\"2022-12-09T06:08:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Whiteland-Towne-Center-in-Exton-PA.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Whiteland-Towne-Center-in-Exton-PA.jpg\",\"width\":1389,\"height\":822,\"caption\":\"Aerial view of Whiteland Towne Center\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Philly Investor Nabs Shopping Center in the Metro\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\",\"name\":\"Tudor Scolca\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"caption\":\"Tudor Scolca\"},\"description\":\"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/tudor-scolca\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Philly Investor Nabs Shopping Center in the Metro - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/","og_locale":"en_US","og_type":"article","og_title":"Philly Investor Nabs Shopping Center in the Metro","og_description":"The 359,673-square-foot property boasts good exposure and is situated off a major junction in Exton, Penn., only 30 miles from Philadelphia.","og_url":"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-10-05T11:45:17+00:00","article_modified_time":"2022-12-09T06:08:39+00:00","og_image":[{"width":1389,"height":822,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Whiteland-Towne-Center-in-Exton-PA.jpg","type":"image\/jpeg"}],"author":"Tudor Scolca","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/","url":"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/","name":"Philly Investor Nabs Shopping Center in the Metro - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Whiteland-Towne-Center-in-Exton-PA.jpg","datePublished":"2017-10-05T11:45:17+00:00","dateModified":"2022-12-09T06:08:39+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Whiteland-Towne-Center-in-Exton-PA.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Whiteland-Towne-Center-in-Exton-PA.jpg","width":1389,"height":822,"caption":"Aerial view of Whiteland Towne Center"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/philly-investor-nabs-shopping-center-in-the-metro\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Philly Investor Nabs Shopping Center in the Metro"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d","name":"Tudor Scolca","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96","caption":"Tudor Scolca"},"description":"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.","url":"https:\/\/www.commercialsearch.com\/news\/author\/tudor-scolca\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Whiteland-Towne-Center-in-Exton-PA.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004192534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1284"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004192534"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004192534\/revisions"}],"predecessor-version":[{"id":1004613837,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004192534\/revisions\/1004613837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004192536"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004192534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004192534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004192534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}