Wilder Gains Acquisition Momentum With Two New Assets
Published: May 3, 2018
Silver Spring Square in Mechanicsburg, PA and Marketplace at Hamden, CT
Boston (May 3, 2018)—Wilder, the national retail real estate leasing, management, and development firm, in partnership with an institutional real estate fund, continues to add to its portfolio by acquiring two more market dominating centers; over 800,00 square feet of space.
Silver Spring Square in Mechanicsburg is home to the only Wegman’s in the Harrisburg (PA) trade area. The powerhouse center is shadow anchored by the third-ranking Target in its 13-store district, and Kohl’s, which is ranked first in its 14-store district. At nearly 570,000 square feet the center is well-positioned in one of the fastest growing communities in Central Pennsylvania.
Silver Spring Square followed shortly after the acquisition of The Marketplace at Hamden (CT), featuring one of the highest volume Stop & Shop locations in the New England and New York markets, T.J. Maxx, Staples, Old Navy, along with popular specialty shops Petco, Pier One Imports, and TGI Fridays. It is part of the New Haven trade area, 235,00 square feet, and was purchased in partnership with an institutional real estate fund and Silver Peak Real Estate Partners.
“As major open-air centers with proven anchor tenants in strong locations, these centers are perfectly aligned with our established criteria for acquisitions,” said Tom Wilder, a Wilder principal. “Our goal is to build on each centers’ success to enhance the shopper experience while continuing to add value for the ventures.”
“With these acquisitions we are expanding our presence in Connecticut and are pleased to reestablish ourselves in Pennsylvania,” said Shelley Anderson, Director of New Business Development. Our operating platform and long-standing tenant relationships allow us to stay competitive and creative in the retail investment arena. Qualities that are highly valued by our institutional partners.”
Wilder is a Boston-based real estate development, management, and leasing firm specializing in the positioning of retail properties. Privately held and owner managed, Wilder has developed, managed, and leased over 20 million square feet of retail properties throughout the United States and Puerto Rico. The Company has a diverse portfolio of properties throughout the East Coast including Wayside in Burlington, MA, and Garden City Center in Cranston, RI.