$6M Sale of Retail Asset in the Philadelphia Metropolitan Area
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POTTSTOWN, Penn., July 2, 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 Upland Square retail pads are located at 210-220 Upland Square Drive. The two buildings consist of 10,944 square feet and sit 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. The property is on State Route 100 in Pottstown, 40 miles outside of Philadelphia.
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. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.
