Hamden, CT Wilder, the national retail real estate leasing, management, and development firm, in partnership with an institutional real estate fund, continues to add to its portfolio by acquiring two more market dominating centers totaling 805,000 s/f.
Silver Spring Sq. in Mechanicsburg, Penn. is home to the only Wegman’s in the Harrisburg trade area. The center is shadow anchored by the third ranking Target in its 13-store district, and Kohl’s, which is ranked first in its 14-store district. At 570,000 s/f the center is well-positioned in one of the fastest growing communities in Central Penn.
Silver Spring Sq. followed shortly after the acquisition of The Marketplace at Hamden. The center features one of the highest volume Stop & Shop locations in the New England and New York markets, T.J. Maxx, Staples, Old Navy, along with popular specialty shops Petco, Pier One Imports, and TGI Fridays. It is part of the New Haven trade area, 235,000 s/f, and was purchased in partnership with an institutional real estate fund and Silver Peak Real Estate Partners.
“As major open-air centers with proven anchor tenants in strong locations, these centers are perfectly aligned with our established criteria for acquisitions,” said Tom Wilder, a Wilder principal. “Our goal is to build on each centers’ success to enhance the shopper experience while continuing to add value for the ventures.”
“With these acquisitions we are expanding our presence in Connecticut and are pleased to reestablish ourselves in Pennsylvania,” said Shelley Anderson, director of new business development.