Marcus & Millichap Inc.
07/28/2026 | Press release | Archived content
Marcus & Millichap Brokers $6M Sale of Retail Asset in the Philadelphia Metropolitan Area
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Marcus & Millichap Brokers $6M Sale of Retail Asset in the Philadelphia Metropolitan Area
July 28, 2026
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POTTSTOWN, Penn., July 28, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Upland Square retail pads, outparcels to the Upland Square Shopping Center in Pottstown, Pennsylvania. The asset sold for $6,045,000.
"This transaction highlights the ongoing demand for high-performing retail outparcels backed by strong national brands," said Jacob Haslach, associate director investments in Marcus & Millichap's Philadelphia office. "With long-term commitments from corporate tenants like Starbucks, Aspen Dental, and Chili's, the property carries a nearly 10-year weighted average lease term following recent extensions."
"Well-located net-lease and multi-tenant pad properties continue to draw significant capital," said Nick Geaneotes, associate director investments. "Upland Square draws roughly 4.8 million annual visits, benefiting from a dense resident base and strong local traffic. Our team was glad to work closely with both the buyer and seller to execute a smooth transaction and get this deal across the finish line."
Haslach, Geaneotes, Derrick Dougherty and Scott Woodard of Marcus & Millichap exclusively marketed the property on behalf of the seller, a large developer and owner in the Mid-Atlantic region, and procured the buyer, a private national investment group.
The retail pads are located at 210-220 Upland Square Drive. The two buildings total 10,944 square feet on a 2.79-acre lot. They were built in 2009 and 2016. The property has three units and was fully occupied at the time of sale.
The property is adjacent to Upland Square, a Giant-anchored shopping center with national retailers including Target, Dick's Sporting Goods and T.J. Maxx. It is located on Route 100 in Pottstown, about 40 miles outside of Philadelphia.
"This transaction highlights the ongoing demand for high-performing retail outparcels backed by strong national brands," said Jacob Haslach, associate director investments in Marcus & Millichap's Philadelphia office. "With long-term commitments from corporate tenants like Starbucks, Aspen Dental, and Chili's, the property carries a nearly 10-year weighted average lease term following recent extensions."
"Well-located net-lease and multi-tenant pad properties continue to draw significant capital," said Nick Geaneotes, associate director investments. "Upland Square draws roughly 4.8 million annual visits, benefiting from a dense resident base and strong local traffic. Our team was glad to work closely with both the buyer and seller to execute a smooth transaction and get this deal across the finish line."
Haslach, Geaneotes, Derrick Dougherty and Scott Woodard of Marcus & Millichap exclusively marketed the property on behalf of the seller, a large developer and owner in the Mid-Atlantic region, and procured the buyer, a private national investment group.
The retail pads are located at 210-220 Upland Square Drive. The two buildings total 10,944 square feet on a 2.79-acre lot. They were built in 2009 and 2016. The property has three units and was fully occupied at the time of sale.
The property is adjacent to Upland Square, a Giant-anchored shopping center with national retailers including Target, Dick's Sporting Goods and T.J. Maxx. It is located on Route 100 in Pottstown, about 40 miles outside of Philadelphia.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on July 28, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 31, 2026 at 21:50 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]