Middletown, DE, September 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 Cricklewood Grove, a 50,000-square-foot neighborhood retail center located at 5350 and 5360 Summit Bridge Road, according to Tim Stephenson, regional manager of the firm’s Philadelphia office. The asset sold for $9,399,500.
Derrick Dougherty and Jacob Haslach, investment specialists in Marcus & Millichap’s Philadelphia office, represented the buyer, a Delaware-based private investor, in the transaction.
“Cricklewood Grove presented a compelling investment opportunity in one of Delaware’s fastest-growing corridors. The property’s strategic location along Summit Bridge Road, strong in-place occupancy, and diverse mix of service-oriented and daily-needs tenants provide a solid foundation for long-term performance. With additional upside through rent growth and lease optimization, the center offers an attractive balance of stable income and future value creation,” said Jacob Haslach, Associate Director Investments.
“We appreciate the trust our buyer placed in our team throughout this transaction. By leveraging our relationships, we were able to identify an exclusive off-market opportunity that aligned with our client’s investment objectives. This acquisition reflects our commitment to sourcing quality investment opportunities and delivering value for our clients,” said Jacob Haslach, Associate Director Investments.
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. 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.
Comments