A major retail property in Havertown, Delaware County has changed hands in one of the region’s largest suburban shopping center sales this year.
The 222,500-square-foot Quarry Center has been sold by Eureka Ventures to Ohio-based Mid-America Management Corp. The transaction completed roughly four months after the property hit the market.
Mid-America Management, a Cleveland-based firm with a $1B portfolio, expands its East Coast presence with Quarry Center.
Built in 2013, the fully leased 31-acre property at 116 Township Line Road is co-anchored by Giant and Lowe’s. Together accounts for approximately 77% of the center’s income. Other national tenants include Xfinity, Panera Bread, and Chipotle.
*Article courtesy of Philadelphia Business Journal
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