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Retail

Greenleaf at Cheltenham

Philadelphia, PA

390,814 SqFt

Built in 1954

Core Plus

Investment Highlights

  • Anchored by long term ground lease with Home Depot (S&P A rated) who performs 51% over their chain average putting this location as the number one store within their district
  • Shadow-Anchored by 80,040 square foot market-leading ShopRite Supermarket with stellar sales performance that marks it as the number one ShopRite in the greater Philadelphia region
  • Shadow-Anchored by 134,188 square foot Target that has a proposed interior remodel slated for 2021
  • New infrastructure throughout on over 262,000 square feet through the redevelopment of an enclosed mall that includes new facades, roofs, parking lots, and pylon signs
  • Overall Average Sales Per Square Foot of $473 representing a 3.17% gross occupancy ratio

Exclusively listed by

  • Brad Nathanson

    Senior Managing Director Investments

    Philadelphia, PA

    bnathanson@ipausa.com

    Philadelphia, PA

    License(s): PA: RS278775, NJ: 0674866

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