Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire Uptown Worthington (the “Property”), a 490,809 SF, 90 acre mixed-use town center strategically positioned in the affluent Main Line suburb of Malvern, Pennsylvania in the Philadelphia MSA. Uptown Worthington provides investors an array of cash flowing assets, including best-in-class retail anchors in Wegmans and Target (shadow), leading medical tenants in Nemours (S&P: AA+) and Rothman Institute and a 253-unit, Class A multifamily asset, alongside the opportunity to develop 22.5 acres approved for residential and mixed-use commercial GLA. The Offering provides the opportunity for investors to acquire condominium interest in individual assets or the entire Property.
Attributes
Media
Investment highlights
Retail
• Dominant, Grocery-Anchor Ranking in the 99th Percentile in Visit Count Among Grocers in PA, with +1.5M Visits in the L12 Months
• 91,816 SF Target Shadow Anchored Inline Retail with Credit / National Tenant Lineup and +7.1 Years Weighted Avg. Lease Term Remaining
• 4,020 SF High-Performing Bank Pad with Excellent Credit (S&P:A), 11.2 Years Remaining Term, and $145MM in Deposits
Multifamily
• 253 units across studio, one-, two-, and three-bedroom floor plans, including 180 studio/1BR, 67 2BR, and 6 3BR
• Built in 2015, part of the Uptown Worthington master plan alongside the Portfolio’s retail and office parcels
• On-site amenities including a fitness center and spa
Medical Office
• 46,632 SF purpose-built medical facility 100% occupied by The Nemours Foundation, a nationally recognized pediatric healthcare leader carrying an exceptional S&P Global AA+ Underlying Bond Rating, with 12.2 years of remaining lease term
• Specialized pediatric infrastructure including dedicated outpatient surgery and procedure capabilities, with significant tenant investment in medical improvements and equipment creating high barriers to alternative use conversion
Development
• Seven approved development sites totaling 980,000 SF of land (22.5 AC) within the Uptown Worthington master plan
• Approved for retail, office, entertainment, and multifamily use across 11 buildings, including two additional 250-unit apartment buildings
Contact brokers
