January 13, 2025 | Palomar Group
The Palomar Group is pleased to announce the successful sale of the South Philadelphia Shopping Center, a prominent retail property located at 2301 Oregon Avenue in Philadelphia, PA. The transaction highlights Palomar’s expertise in delivering exceptional investment sales services in the retail sector.
Spanning 221,157 square feet, the shopping center features an impressive lineup of tenants, including ShopRite, Ross, Five Below, Burger King, Sherwin-Williams, Aaron’s, and Dunkin’. This transaction was facilitated on behalf of the seller, a publicly traded REIT, to a New York-based investor with an extensive portfolio in the Philadelphia market.
“This deal was complex, with many moving parts,” said Steve Collins, Partner at The Palomar Group. “Both the buyer and seller demonstrated a collaborative approach, addressing challenges head-on and worked together to find solutions. The seller is one of our oldest clients who have grown to be great friends. We cannot thank them enough for their confidence in The Palomar Group to execute on this transaction for them.”
About The Palomar Group:
The Palomar Group is a full-service commercial investment sales firm specializing in the sale of single-tenant, multi-tenant, and multifamily properties across the United States. With a proven track record in acquisitions and dispositions, the team has facilitated over $1.5 billion in transactions across 18 states, leveraging market expertise and strategic alignment with buyers and sellers to achieve outstanding results.