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Property Description
Jones Lang LaSalle Americas, Inc (JLL) is pleased to exclusively offer the sale of the Greater Philadelphia Grocery-Anchored Portfolio (the portfolio or collectively, the properties), a six property, 741,902 SF, grocery and home improvement-anchored retail portfolio with locations in the greater Philadelphia metro area.
The nature of the portfolio consists of high performing grocery-anchored centers, with long tenured e-commerce resistant and service oriented inline tenants. The portfolio has a 90% average occupancy and an exceptional weighted average tenure of +15 years throughout all properties. The grocery and home improvement lineup consists of Giant, Aldi, George’s Marketplace (local operator) and Lowe’s. The WALT between the anchor tenants totals +13 years, providing secure and stable future income to potential investors.
The properties are located all within institutional quality demographic areas, strategically engrained within dense, infill residential communities.
Investment Highlights
- Six properties totaling 802,918 SF – (741,902 SF owned)
- 90% leased (average)
- 15+ years – weighted average tenure
- 13+ years – WALT remaining for anchor tenants
- 2.7% health ratio – average between reporting grocery anchors
- 20+ years of average ownership from sellers
- Institutionally managed and leased
Chris Munley
Senior Managing Director
T +1 484 532 4207
M +1 609 610 1096
Jim Galbally
Senior Managing Director
T +1 215 988 5551
Colin Behr
Senior Director
T +1 215 399 1819
M +1 215 896 4253
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