(Philadelphia, PA) – Metro Commercial Real Estate, Inc. (Metro), one of the nation’s leading full-service, independent retail real-estate leasing and management firms, is pleased to announce the opening of Sprouts Farmers Market first retail location in Philadelphia at Lincoln Square, located at 1000 South Broad Street in Philadelphia. Lincoln Square is a new mixed-use development developed by Kimco Realty and Alterra Property Group and features 322 luxury apartments and 100,000 square feet of retail.
“Sprouts adds a new dimension to the neighborhood and a tremendous amenity to the new residents of Lincoln Square,” said Steve Niggeman, Executive Vice President and Principal at Metro Commercial. “Kimco and Alterra’s investment in Philadelphia has reinvigorated a neighborhood and a long dormant iconic corner of South Broad Street.”
About Kimco (NYSE: KIM)
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2018, the company owned interests in 460 U.S. shopping centers comprising 79 million square feet of leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for 60 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.
About Alterra Property Group.
Alterra Property Group, LLC (“Alterra”) is a diversified real estate investment, development, and management company based in Philadelphia, PA. The company employs a highly qualified team of professionals that handle all aspects of real estate development, investment, and management, including but not limited to: acquisition, entitlement, project/construction management, asset management, property management, accounting, and underwriting. The principals of Alterra have worked with and can provide references from numerous institutional private equity firms, such as The Blackstone Group, Federal Capital Partners, BlackRock, Normandy Realty Partners, Carlyle Group, and Patron Capital Partners. Alterra has developed hundreds of upscale apartments in Philadelphia and currently manages them under the management brand of APG Living. Leasing information can be found at www.apgliving.com.
About Metro Commercial Real Estate, Inc.
For nearly three decades, Metro Commercial has set the standard as one of the leading, full-service independent retail real-estate firms in the nation. Metro Commercial specializes in tenant and landlord representation, investment sales, property management and development services. We currently represent over 130 national retailers, serve as the exclusive leasing agent for more than 440 properties and manage over 6.5 million square feet of retail space. Fueled by local expertise and national capabilities, our team delivers the results our clients expect. For more information, contact Malinda Marlin at 856.222.3400 or visit www.metrocommercial.com or connect with Metro on Twitter, LinkedIn, or Instagram.
Photo provided by: Philly Voice https://www.phillyvoice.com/sprouts-farmers-market-philadelphia-lincoln-square-organic-grocery-store/
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