The Marketplace at Huntingdon Valley, the Weis Markets-anchored shopping center at County Line and Davisville roads, has sold for $60 million, and the new owners are already eyeing the vacant former Rite Aid space for its next chapter. Wilder, working with investors advised by J.P. Morgan Asset Management, has taken over the roughly 255,000- to 257,000-square-foot property, which sits on the Montgomery County side of the Bucks County line in Lower Moreland Township.
The sale price was reported at $60 million, according to a snippet from the Philadelphia Business Journal, which also pegged the center at 257,000 square feet. That figure differs slightly from the 255,000 square feet listed on the property’s own website, which describes the shopping center as home to more than 45 retail stores, restaurants and service establishments. A Philadelphia Business Journal preview says the property has more than 40 tenants. As first detailed by PHILADELPHIA.Today, New Century Associates sold the property.
Weis Anchors a Mostly Full Center
Weis Markets anchors the property, which was about 95 percent occupied at the time of sale, according to Shopping Center Business. Additional tenants named in that report include LA Fitness, Penn Cinema, Starbucks, Chipotle, Dunkin’, Hand & Stone Massage & Facial Spa and Pennsylvania Fine Wine & Good Spirits. Wilder will take over leasing, management, marketing and asset strategy for the property going forward, the trade outlet reported.
The grocery anchor isn’t new to the site. Weis Markets filled the former Pathmark space after that supermarket closed at the center, which, per PHILADELPHIA.Today, happened more than a decade before publication. The vacated Pathmark had measured 52,000 square feet, according to a 2012 Patch report, and New Century Associates later announced it had agreed to terms with Weis to occupy that space, with plans to expand it to 62,000 square feet, according to a separate Patch account from the same period.
The Rite Aid Question
Rite Aid closed its store at the center in 2025, leaving behind a 10,908-square-foot building with a drive-thru, according to the property brochure from Equity CRE. That space, located at The Marketplace at Huntingdon Valley in Lower Moreland Township, is available for lease.
Empty Rite Aid buildings have become a familiar puzzle across Pennsylvania. A six-county survey found more than half of the chain’s shuttered central Pennsylvania locations were still sitting vacant, while 26 were occupied or on their way to being filled, none of them by another pharmacy, according to PennLive. That survey found former Rite Aid spaces reborn as senior-care clinics, discount retailers, a doughnut shop, restaurants, small grocers and automotive outlets, with Dollar Tree alone taking over nine of the empty central Pennsylvania stores and Advance Auto Parts converting one 7,930-square-foot location at Halifax Plaza. None of those specific projects are tied to the Huntingdon Valley site.
Wilder’s Plans for the Property
Wilder’s immediate focus will include placemaking, merchandising and targeted redevelopment initiatives, the firm said in the Shopping Center Business report.
Ken McEvoy and Bart Delfiner represented New Century Associates in the Huntingdon Valley sale, PHILADELPHIA.Today reported.
A Recent Regional Sale
Water Tower Square in Montgomeryville, anchored by Sprouts Farmers Market and Home Depot, sold for about $50 million in September, according to CoStar.
