Nov
14
Westover Buys Suburban Philly Retail Center
ByGilbertsville Shopping Center is located in an area with good exposure. The Weis-anchored asset was 95 percent leased at the time of the transaction.
The Westover Cos. acquired Gilbertsville Shopping Center in suburban Philadelphia. The grocery-anchored shopping center was marketed by an HFF team on behalf of the seller, Brixmor Property Group. Westover bought the asset in an all-cash transaction.
The 85,576-square-foot shopping center is anchored by Weis Markets, a food retailer that has been a tenant of the building since its construction in 1976. At the time of the transaction, the asset was 95 percent leased. Other tenants include Anytime Fitness, T-Mobile, Pet Valu, Dairy Queen, Quest Diagnosis and Key Bank…
