Plymouth Meeting, PA, December 22nd, 2025 – 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 FedEx, a 5,040-square-foot property located at 461 W Germantown Pike, Plymouth Meeting, PA, according to Tim Stephenson, regional manager of the firm’s Philadelphia office. The asset sold for $2,900,000.
Scott Woodard, Derrick Dougherty, and Nick Geaneotes, investment specialists in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a local private investor. The team also represented the buyer, a group of local private family investors, in the transaction.
“This offering provided investors with a rare opportunity to acquire a Net-Leased asset with more than 30 years of operating history, a best-in-class location directly across from Plymouth Meeting Mall, and the security of a strong corporate guarantee,” said Derrick Dougherty, Senior Managing Director Investments.
“The transaction was a true collaborative effort, with both the buyer and seller remaining proactive and professional throughout the process to achieve a successful closing by the end of 2025,” said Scott Woodard, Senior Director Investments. “It was a pleasure working with all parties involved.”
Marcus & Millichap, Inc. is a leading national 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion in 2024. The company had 1,712 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.
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