Joint Venture Acquires 116,778 SF Shopping Center in Jenkintown, Pennsylvania
JENKINTOWN, PA. — A joint venture between Inland Institutional Capital LLC and Charter Realty & Development Corp. has acquired Baederwood Shoppes on the Fairway, a 116,778-square-foot shopping center in Jenkintown, a northern suburb of Philadelphia, for $43.3 million. Whole Foods Market anchors the shopping center with other tenants including Planet Fitness, Panera Bread and Penn Community Bank. Mark Cosenza of Inland Real Estate Acquisitions LLC and Paul Brandes, a principal of Charter, represented the joint venture in the transaction. The seller was undisclosed.