{"id":309888,"date":"2026-10-19T14:52:32","date_gmt":"2026-10-19T14:52:32","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/309888\/"},"modified":"2026-10-19T14:52:32","modified_gmt":"2026-10-19T14:52:32","slug":"berks-shopping-center-sells-for-17-1-million-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/309888\/","title":{"rendered":"Berks shopping center sells for $17.1 million"},"content":{"rendered":"

A Berks County shopping center has been sold. The Douglassville Shopping Center, at the intersection of Old Swede Road and Benjamin Franklin Highway in Amity Township, was sold in two separate transactions to the same buyer, according to an announcement by real estate brokerage firm Marcus & Millichap, which handled the sale.<\/p>\n

Both transactions closed Sept. 30.<\/p>\n

The first sale was announced Oct. 7 and included a 48,736-square-foot portfolio that spans 12.73 acres and includes two strip-centers, three freestanding pads and a 1.98-acre development site.<\/p>\n

The sale price for that retail portfolio was $10,027,169, Marcus & Millichap said.<\/p>\n

The strip-centers are fully occupied, while Dollar Tree, Chase Bank and Michael\u2019s Restaurant occupy the three freestanding properties. The properties are adjacent to one another at 180 Old Swede Road and 1179, 1191, 1205 and 1211 Benjamin Franklin Highway, according to the announcement.<\/p>\n

\u201cThis was a first-generation sale on behalf of the family of the original developer of a site that has never previously been on the market,\u201d Colin Reder, associate director at Marcus & Millichap, said in a statement. \u201cThe portfolio offered buyers a rare opportunity to acquire a dominant retail corner featuring a strong mix of single and multi-tenant assets, complemented by developable land with meaningful upside beyond the in-place income.\u201d<\/p>\n

Reder and Derrick Dougherty, senior managing director at Marcus & Millichap, listed all six properties on behalf of the seller, the family of the original developer, and procured the buyer.<\/p>\n

\"TheThe site of Redner\u2019s Fresh Market at the Douglassville Shopping Center in Amity Township, Berks County was recently sold for $7.1 million. Redner\u2019s will continue to lease the space. The remainder of the shopping center was also sold for $10 million. The sale was done in two transactions to the same buyer. (DONNA ROVINS \u2013 MEDIANEWS GROUP)<\/p>\n

The second sale announcement came just one day later, on Oct. 8, when Marcus & Millichap said the property housing Redner\u2019s Fresh Market at the Douglassville Shopping Center had been sold for $7.1 million.<\/p>\n

The Redner\u2019s property had a different owner than the rest of the center, Marcus & Millichap said in an emailed response. Redner\u2019s anchors the Douglassville Shopping Center.<\/p>\n

\u201cThe brand-new 20-year lease drew exceptional demand from net lease investors nationwide,\u201d Reder said in a statement. \u201cAs one of the original Redner\u2019s locations and the No. 1 store within their chain, according to Placer.ai, this was a truly institutional-quality asset in a strong Philadelphia-area submarket.\u201d<\/p>\n

Redner\u2019s will continue to lease the space, the firm said.<\/p>\n

Reder, Dougherty and Scott Woodard of Marcus & Millichap listed the property on behalf of the seller, a regional limited partnership, and procured the buyer.<\/p>\n

\"ThisThis photo shows one of the strip-centers at the Douglassville Shopping Center in Amity Township, Berks County. The shopping center was recently sold in two transactions \u2013 to the same buyer. The shopping center sold for $10 million, while the Redner\u2019s property was sold for $7.1 million. (DONNA ROVINS \u2013 MEDIANEWS GROUP)<\/p>\n

Specific information about the buyer and sellers of the properties was not provided. Marcus & Millichap described the new owner as \u201ca large Philadelphia-area company.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"A Berks County shopping center has been sold. The Douglassville Shopping Center, at the intersection of Old Swede…\n","protected":false},"author":2,"featured_media":309889,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[7755,349,60,182,28,128,130,129,1081],"class_list":["post-309888","post","type-post","status-publish","format-standard","has-post-thumbnail","category-reading","tag-amity-township","tag-berks-county","tag-business","tag-local-news","tag-pennsylvania","tag-reading-city","tag-reading-city-headlines","tag-reading-city-news","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/309888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=309888"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/309888\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/309889"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=309888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=309888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=309888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}