Update: This retail property is no longer available since it sold. For details about the HFF-brokered sale of the property, click here.
Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale Bakers Centre, a grocery-anchored, 236,719-square-foot retail center located in Philadelphia, Pennsylvania. Currently 94.7 percent leased, the retail property for sale is anchored by a high-performing ShopRite, Philadelphia’s leading grocer by market share. Bakers Centre is the go-to retail destination for the ultra-dense local community of East Falls/Hunting Park and is surrounded by a population of more than 400,000 people within a three-mile radius.
The positioning of the shopping center for sale at 2800 Fox Street is at the conjunction of a multitude of growing Philadelphia neighborhoods, providing the ideal destination for retail to meet the ever-growing demands of the urban, in-fill, high-density nature of the market. Bakers Centre has created a sense of place for the ever-evolving community and local consumer base.
Developed from 2013-2015, the center is in impeccable physical condition with no deferred maintenance, and Shoprite provides stability to the asset and a high level of income certainty by making up 30 percent of the GLA and 27 percent of the income.
Bakers Centre is newly-delivered retail property for sale in Philadelphia with a leading grocery anchor and premium tenant mix located in an area filled with new development and expansion. If you are interested in this retail property or other commercial properties for sale in the Philadelphia area, please contact HFF Managing Director Chris Munley, Managing Director Jeffrey Julien, Associate Director Michael DiCosimo, Senior Managing Director Jose Cruz or Managing Director Ryan Ade.