236 W Allegheny Ave Philadelphia, PA 19133

Plaza Allegheny is a 67,125 square foot, grocery-anchored shopping center located in Philadelphia, PA. Developed in 2017 on an 8.5 acre site, the property is 98.5% leased. The center serves a dense, infill population with over 60,000 people within one mile and 425,000 people within a three-mile radius. The center was purpose-built as a grocery-anchored development to address an immediate need within the growing trade area, located in a market widely considered a “food desert”. Anchored by Save A Lot, Advance Auto, Santander Bank, Little Caesars, and Maria De Los Santos Medical Center, the tenant lineup has +7.1 years of weighted average tenure. The tenant mix includes grocery, service-oriented, food & beverage, and other contemporary retail uses. The location offers connectivity, situated a three-minute walk from SEPTA’s Allegheny Station, which provides direct subway access to Center City. Save A Lot's term extends through November 2030. There is an opportunity to acquire a 2-acre parcel positioned on 2nd Street and the adjacent 86,415 square foot industrial building which is occupied by two retail tenants and presents multiple redevelopment scenarios.