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JV Closes 50-Acre Exeter Commons Land Deal

EXETER, PA-The $100-million shopping center project here will feature a Target, Lowe's and Giant supermarket. The developers plan to break ground by next week.

By Brianne Harrison | Updated on April 16, 2008

( Brianne Harrison is associate editor of Real Estate New Jersey and part of a three-person team now covering the Philadelphia market .)

EXETER, PA-Exeter JV Associates, the development partnership of Ironwood Property Group and the Goldenberg Group, closed on the purchase of the 50-acre site that will house the planned Exeter Commons shopping center. The developers plan to break ground on the $100-million plus project by next week and hope to open during the summer of 2009.

Exeter Commons is set to be the largest shopping center in the township. Notwithstanding economic and retail woes, leasing agent Glenn Marvin, a principal with Metro Commercial Real Estate, has signed Target, Lowe’s and a Giant supermarket as anchors for the project.

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