A Chester County shopping center designed around Giant was sold for approximately $27 million by an affiliate of Lancaster-based High Real Estate Group, according to industry sources. The firm purchased the 154,219-square-foot Suburbia Shopping Center in Pottstown from East Norriton-based Gambone Management Co. The center is 85% leased and located at 80 Glocker Way, just off Route 100.

Built in 2003, the 26-acre property includes tenants such as Dollar Tree, Starbucks, UPS Store, and Tower Health. As part of the sale, Giant extended its lease—an opportunity High Real Estate Group plans to use to attract additional tenants, according to Senior Vice President Powell Arms.

*Article courtesy of Philadelphia Business Journal

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