{"id":1004755422,"date":"2025-04-24T04:00:05","date_gmt":"2025-04-24T12:00:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004755422"},"modified":"2025-04-24T04:00:07","modified_gmt":"2025-04-24T12:00:07","slug":"high-real-estate-buys-philly-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/","title":{"rendered":"High Real Estate Buys Philly Retail Center"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004755425\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/suburbia-shopping-center-in-pottstown-pa-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg\" data-orig-size=\"1404,1053\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&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;1&quot;}\" data-image-title=\"Suburbia Shopping Center in Pottstown, Pa.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg?w=1024\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg\" alt=\"Aerial shot of Suburbia Shopping Center, a 154,219-square-foot retail property in Pottstown, Pa.\" class=\"wp-image-1004755425\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg 1404w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">The Giant-anchored Suburbia Shopping Center was 85 percent leased at the time of the sale. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>An affiliate of High Real Estate Group has purchased Suburbia Shopping Center, a 154,219-square-foot retail property in Pottstown, Pa., from The Gambone Group. The property traded for $23.8 million, according to CommercialEdge data. <\/p>\n\n\n\n<p>To finance the acquisition, the buyer took out  a four-year, $17.5 million loan from Rialto Capital Management, the same source shows. JLL Capital Markets arranged the deal on behalf of the seller.<\/p>\n\n\n\n<p>Suburbia Shopping Center came online in 2003. The retail property consists of four single-story buildings across a 25-acre site. Anchored by Giant Food Stores, the tenant roster features Dollar Tree, Starbucks, a UPS Store and Tower Health. The center was 85 percent leased at the time of the sale.\u00a0\u00a0<\/p>\n\n\n\n<p>The property at 80 Glocker Way is some 40 miles northwest of central Philadelphia. It serves a population of 67,071 within a 5-mile radius, with an average household income of $110,038, according to JLL. The shopping center is close to Pennsylvania Route 100\u00a0and Route 422.<\/p>\n\n\n\n<p>JLL Capital Markets Senior Managing Director Jim Galbally and Director Patrick Higgins led the investment sales and advisory team that worked on behalf of The Gambone Group.<\/p>\n\n\n\n<p>Last month, Galbally and Higgins arranged the sale of another retail property in one of Philadelphia&#8217;s suburbs. <a href=\"https:\/\/www.commercialsearch.com\/news\/empire-realty-sells-philly-shopping-center\/\">Empire Realty Investments Inc. sold<\/a> Bensalem Shopping Center, a 109,057-square-foot grocery-anchored retail center in Bensalem, Pa., for $20.1 million, to a private investor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JLL Capital Markets brokered the deal for the seller.<\/p>\n","protected":false},"author":3619,"featured_media":1004755425,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,11,21742,1494,21749],"tags":[48647,44006],"class_list":["post-1004755422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-latest","category-philadelphia","category-retail","tag-jim-galbally","tag-jll-capital-markets"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>High Real Estate Buys Philly Retail Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"High Real Estate Group purchased Suburbia Shopping Center, a 154,219-square-foot retail property in Pottstown, Pa., for $23.8 million.\" \/>\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\/high-real-estate-buys-philly-retail-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"High Real Estate Buys Philly Retail Center\" \/>\n<meta property=\"og:description\" content=\"High Real Estate Group purchased Suburbia Shopping Center, a 154,219-square-foot retail property in Pottstown, Pa., for $23.8 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/\" \/>\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=\"2025-04-24T12:00:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-24T12:00:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1404\" \/>\n\t<meta property=\"og:image:height\" content=\"1053\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\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\/high-real-estate-buys-philly-retail-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/\",\"name\":\"High Real Estate Buys Philly Retail Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg\",\"datePublished\":\"2025-04-24T12:00:05+00:00\",\"dateModified\":\"2025-04-24T12:00:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df\"},\"description\":\"High Real Estate Group purchased Suburbia Shopping Center, a 154,219-square-foot retail property in Pottstown, Pa., for $23.8 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg\",\"width\":1404,\"height\":1053,\"caption\":\"Aerial shot of Suburbia Shopping Center, a 154,219-square-foot retail property in Pottstown, Pa.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"High Real Estate Buys Philly Retail Center\"}]},{\"@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\/34bf2de3f952f3db52e303344f1799df\",\"name\":\"Maria Maruta\",\"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\/2025\/08\/Maria_Maruta.jpeg?w=78\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Maria_Maruta.jpeg?w=78\",\"caption\":\"Maria Maruta\"},\"description\":\"Maria Maruta is an Associate Editor with Multi-Housing News and Commercial Property Executive. Maria completed a Bachelor's in Art History and a Master's in Film Studies at the University of Groningen, The Netherlands. Currently, she writes commercial real estate news, particularly on the office, retail, coworking and self storage sectors. You may reach her at maria.maruta@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/maria-maruta\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"High Real Estate Buys Philly Retail Center - Commercial Property Executive","description":"High Real Estate Group purchased Suburbia Shopping Center, a 154,219-square-foot retail property in Pottstown, Pa., for $23.8 million.","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\/high-real-estate-buys-philly-retail-center\/","og_locale":"en_US","og_type":"article","og_title":"High Real Estate Buys Philly Retail Center","og_description":"High Real Estate Group purchased Suburbia Shopping Center, a 154,219-square-foot retail property in Pottstown, Pa., for $23.8 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-04-24T12:00:05+00:00","article_modified_time":"2025-04-24T12:00:07+00:00","og_image":[{"width":1404,"height":1053,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg","type":"image\/jpeg"}],"author":"Maria Maruta","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\/high-real-estate-buys-philly-retail-center\/","url":"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/","name":"High Real Estate Buys Philly Retail Center - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg","datePublished":"2025-04-24T12:00:05+00:00","dateModified":"2025-04-24T12:00:07+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df"},"description":"High Real Estate Group purchased Suburbia Shopping Center, a 154,219-square-foot retail property in Pottstown, Pa., for $23.8 million.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg","width":1404,"height":1053,"caption":"Aerial shot of Suburbia Shopping Center, a 154,219-square-foot retail property in Pottstown, Pa."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/high-real-estate-buys-philly-retail-center\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"High Real Estate Buys Philly Retail Center"}]},{"@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\/34bf2de3f952f3db52e303344f1799df","name":"Maria Maruta","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\/2025\/08\/Maria_Maruta.jpeg?w=78","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Maria_Maruta.jpeg?w=78","caption":"Maria Maruta"},"description":"Maria Maruta is an Associate Editor with Multi-Housing News and Commercial Property Executive. Maria completed a Bachelor's in Art History and a Master's in Film Studies at the University of Groningen, The Netherlands. Currently, she writes commercial real estate news, particularly on the office, retail, coworking and self storage sectors. You may reach her at maria.maruta@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/maria-maruta\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Suburbia-Shopping-Center-in-Pottstown-Pa-edited.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004755422","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\/3619"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004755422"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004755422\/revisions"}],"predecessor-version":[{"id":1004755499,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004755422\/revisions\/1004755499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004755425"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004755422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004755422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004755422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}