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ECHO Realty Acquires Philadelphia-Area Grocery-Anchored Centers

PHILADELPHIA—"We began to work with the Shooster family several years ago and are very pleased that we are finally acquiring these centers,” says Drew Gorman, Echo's senior vice president of acquisitions and development. “The centers are well located, time-tested properties that also provide an opportunity for enhanced value."

By Steve Lubetkin | stevelubetkin | Updated on December 06, 2016

Giant Marketplace, Bensalem, PA Giant Marketplace, Bensalem, PA

PHILADELPHIA—ECHO Realty has purchased a portfolio of three grocery-anchored shopping centers in metropolitan Philadelphia. The centers include GIANT Marketplace at Bensalem, Media Shopping Center, and Lionville Station.

“We began to work with the Shooster family several years ago and are very pleased that we are finally acquiring these centers,” says Drew Gorman, Echo’s senior vice president of acquisitions and development. “The centers are well located, time-tested properties that also provide an opportunity for enhanced value.”

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