Abrams Realty & Development company, based in Elkins Park, has been reported to be the buyer of MacArthur Commons, a nearly 372,000 square foot complex whose anchor tenants include a Burlington Coat Factory, a GIANT grocery store and Dick’s Sporting Goods.
A few months back, Abrams was part of a partnership that acquired another retail center in the suburbs of Philadelphia. The Whiteland Towne Center, a 218,086-square-foot shopping center at a high-profile corner of routes 100 and 30 in Exton, sold for $39 million, writes Anthony Salamone in the Allentown Morning Call.
The local real estate company also is part of a joint venture that owns the Penrose Plaza Shopping Center in South Philadelphia, where an existing Shop Rite grocery store is undergoing an expansion. The supermarket recently incorporated an in-store Saladworks into its space – a first for the Conshohocken-based healthy fast-casual restaurant chain.
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