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- ShopOne Expands Portfolio with Two Key Acquisitions in Pennsylvania
ShopOne Expands Portfolio with Two Key Acquisitions in Pennsylvania
Slice of Real Estate Team
March 27, 2025
Key Highlights:
ShopOne, Pantheon, and a global investor acquire Goodnoe’s Corner (Newtown, PA) and Village Center (Bensalem, PA).
Village Center is an 87,705 SF, ACME-anchored retail hub in Bensalem, strategically positioned near major commuter routes.
Goodnoe’s Corner is a fully leased, 34,660 SF shopping center in Newtown, serving an affluent customer base.
The acquisitions bring the JV portfolio to 20 shopping centers spanning over 2.0 million SF.
ShopOne continues its strategy of investing in grocery-anchored and convenience-focused retail centers in key markets.
Source: Business Wire
Notable Quote:
“We are excited to expand our presence in the Philadelphia market with these high-quality assets. These acquisitions align with our strategy of investing in well-located, grocery-anchored and convenience-oriented centers that serve as essential retail destinations within their communities.”
Why This Matters:
ShopOne’s acquisition of Goodnoe’s Corner and Village Center highlights its commitment to expanding its portfolio in high-demand suburban markets. These centers, strategically positioned near major commuter routes and affluent residential areas, reinforce the resilience and growth potential of grocery-anchored retail investments. With this expansion, ShopOne strengthens its position in the Philadelphia MSA, furthering its strategy of acquiring essential, high-traffic retail properties that drive long-term value.