Posted on: 06/03/2013

Finmarc Management Inc. in a joint venture with New York based Katz Properties LLC is pleased to announce the acquisition of Red Lion Shopping Center in Philadelphia, PA for $31.4 million.


“Red Lion Shopping Center is an excellent addition to our growing portfolio of shopping centers. Given today’s real estate market, we are very happy to have purchased this high-quality asset on Roosevelt Boulevard in a vibrant and densely populated area of Northeast Philadelphia,” stated Neil Markus, Vice President of Finmarc Management Inc., “We also appreciate the ability to partner with Katz Properties on this transaction.”  Markus added, “Our organizations continue to aggressively look for acquisitions in densely populated areas in the Northeast Corridor.”


Red Lion Shopping Center is located at the intersection of Roosevelt Boulevard & Red Lion Road, in Philadelphia, Pennsylvania.  The 229,000 square foot retail center includes anchors Best Buy, Staples, Pep Boys and American Signature Furniture, along with other retailers such as Planet Fitness, Sherwin-Williams, McDonalds, Taco Bell, Pizza Hut and Sleepy’s. Finmarc Management Inc. and Katz Properties specialize in the acquisition and revitalization of grocery anchored shopping centers and underperforming assets while creating value for its investor clients.


Finmarc Management Inc. and Katz Properties represented themselves in the transaction that closed on February 28, 2013.  Other parties involved included, Jones Lang LaSalle, Kelley, Drye & Warren, LLP, Metropolis Capital Finance and RBS Citizens, N.A. Bank.


Finmarc Management, Inc. is a fully-integrated commercial real estate services company that focuses on the management, acquisition, leasing and development of retail centers, industrial and flex/warehouse projects, along with commercial office buildings throughout the Mid-Atlantic region. The firm presently manages a diverse portfolio encompassing more than five million square feet of space situated in Maryland, Washington, D.C., Virginia, Delaware, New Jersey and Pennsylvania. For additional information, visit