Equity Retail Brokers’ Ken McEvoy & Edward Ginn Broker the Sale of Three Grocery-Anchored Shopping Centers in the Philadelphia MSA

Equity Retail Brokers’ Ken McEvoy & Edward Ginn Broker the Sale of Three Grocery-Anchored Shopping Centers in the Philadelphia MSA

Plymouth Meeting, PA, December 8, 2016 – Ken McEvoy and Edward Ginn of Equity Retail Brokers’ Investment Sales division brokered the sale of three grocery-anchored shopping centers in the Philadelphia suburbs. The shopping centers include the Giant Marketplace, an 88,000 square foot center anchored by Giant Food Stores in Bensalem, Bucks County; Media Shopping Center, a 75,000 square foot center anchored by Acme Markets in Media, Delaware County, and the Shoppes at Lionville Station, a 79,000 square foot center in Exton, Chester County.

Giant Food Stores is a subsidiary of Ahold Delhaize, and Acme Markets is a subsidiary of Albertsons Companies.

Shooster Development, headquartered in Media, PA, was the seller. The buyer, ECHO Realty Partners, is a privately held developer, owner, and operator of commercial real estate with offices in Pittsburgh, PA, Washington, DC and Indianapolis, IN.

Equity Retail Brokers has been named by Echo Realty as the leasing broker for all three shopping centers. The company already serves as the leasing broker for Echo Realty’s Swedesford Plaza, a 151,000 square foot center in Berwyn, Chester County, PA.

Equity Retail Brokers’ Investment Sales division has a national network of buyers and sellers for a variety of retail property types, from single tenant NNN properties to power centers. As a full-service retail brokerage, it also provides leasing, tenant representation, and asset management services.

Based in Plymouth Meeting, PA, the brokerage company specializes in the eastern Pennsylvania, southern New Jersey and Delaware market. Equity Retail Brokers also serves clients across North America as a member of the Retail Brokers Network, the Capital Markets Real Estate Network and the International Council of Shopping Centers.

If you would like more information about this transaction or our investment sales services, please contact Ken McEvoy, 484.417.2226, kmcevoy@equityretailbrokers.com, and Ed Ginn, 484.417.2201, eginn@equityretailbrokers.com.

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December 8, 2016