Plymouth Meeting, Pennsylvania — Wolfson Group will launch a redevelopment of Hilltown Crossings, a community shopping center with a gross leasable area of 354,458 sq. ft., located on Route 309 at Orvilla Road in Hatfield, Pennsylvania.
The company is investing $6 million to upgrade the entire shopping center with new storefront facades, additional signage, and other improvements to enhance visibility. In fall 2014, a new Burlington Coat Factory will open, creating 50 new jobs.
Originally constructed in 1995, Hilltown Crossings was the first Delaware Valley project completed by Wolfson Group, a commercial real estate development and management company specializing in shopping centers. Once anchored by a supermarket and a Walmart of 125,000 sq. ft., the early tenants at Hilltown Crossings provided local residents with convenient access to neighborhood shopping and dining.
In 2012, Walmart made a multi-million dollar investment in its Hilltown Crossings store, expanding the store to a 220,000-sq.-ft. Walmart Supercenter; the new Burlington Coat Factory will occupy the original supermarket site.
Other tenants in the shopping center currently include Dollar Tree, Sovereign Bank, PLCB Wine & Spirits, Verizon Wireless, Frankford Cleaners, Hair Cuttery, Osaka Japanese restaurant, McDonald’s, and Renzo Gracie. An additional 40,000 sq. ft. of re-tenanting with national and local tenants will be completed in fall 2014 and spring 2015.
“As our portfolio of commercial properties expands throughout the greater Philadelphia region, we remain equally committed to the success of our earlier shopping centers,” said Steven B. Wolfson, chairman and CEO, Wolfson Group.