EXTON, PA—A joint venture between Gorman & Company and Abrams Realty & Development has acquired Whiteland Towne Center, a 359,673-square foot shopping center located at 229 West Lincoln Highway in Exton, PA, from Equus Capital Partners.
CBRE's Brad Nathanson, Bill Tourtellotte, Kevin McClernon and John Colussi represented the seller and identified the buyer, but declined to disclose the purchase price.
Built in 1988, Whiteland Towne Center is positioned at one of the major retail intersections serving all of Chester County, Route 30 and Route 100. Whiteland Towne Center is shadow-anchored by Kohl's Department Store and Hobby Lobby, which opened in November 2016 following the departure of Acme Markets in 2012. The remaining shopping center is anchored by national retailers including Party City, Big Lots, Total Hockey, Famous Footwear, Petco and a new CVS Pharmacy is under construction as a freestanding store on a newly created pad site within Whiteland Towne Center at the main entrance off of Route 100.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
