CBRE Arranges Sale of Valley Gate Shopping Center in Warrington, Pennsylvania

CBRE has arranged the purchase of Valley Gate, a 32,242-square-foot shopping center located at 201-281 Easton Road in Warrington. Pennsylvania-based CenterSquare purchased the property from Metro Development Company.

Chris Munley, Colin Behr, Ryan Sciullo, Casey Benson Smith, and RJ Mirabile of CBRE’s National Retail Partners team represented the buyer in the transaction. Gregory Bianchi, Vice President, US Realty Associates, Inc., represented the seller.

"We are pleased to collaborate with CenterSquare on their most recent acquisition,” said Munley. “Their disciplined investment strategy focused on essential service retail, market expertise and long-term perspective makes them an exceptional steward of these retail assets.”

Built in 2015, Valley Gate is strategically located within a retail corridor at Paul Valley Road, offering convenient access to the Pennsylvania Turnpike and Route 132. The property is unanchored and features a variety of food service and specialty retailer tenants, including Sport Clips, T‑Mobile, Visionworks, Crumbl Cookies and Buffalo Wild Wings.

“Valley Gate exemplifies the type of high-quality necessity-based retail assets that continue to attract strong investor interest,” said Mirabile. “We’re grateful to have assisted in a transaction that aligned with both the seller’s objectives and the buyer’s strategy.”

“Valley Gate fits squarely within our strategy of acquiring high-quality neighborhood retail centers that service everyday consumer needs,” said Megan Varano, Vice President, CenterSquare. “Warrington’s strong household incomes and dense residential base create an attractive environment for necessity-based retail concepts. Thank you CBRE for helping us continue to grow our retail portfolio, specifically here in the Northeast!”