Press Releases
Marcus & Millichap Brokers $7.1M Sale of Grocery Store in Eastern Pennsylvania
October 08, 2026
DOUGLASSVILLE, Pa., Oct. 8, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Redner's Fresh Market, a grocery store in Douglassville, Pennsylvania. The asset sold for $7.1 million.
"The brand-new 20-year lease drew exceptional demand from net lease investors nationwide," said Colin Reder, associate director investments at Marcus & Millichap. "As one of the original Redner's locations and the No. 1 store within their chain, according to Placer.ai, this was a truly institutional-quality asset in a strong Philadelphia-area submarket."
Reder, Derrick Dougherty and Scott Woodard of Marcus & Millichap exclusively listed the property on behalf of the seller, a regional limited partnership, and procured the buyer, a large Philadelphia-area company.
"It was a pleasure working with both the seller and the buyer to bring this transaction to a smooth close, and we're grateful for the trust each side placed in our team," said Dougherty, senior managing director investments at Marcus & Millichap.
Located at 11 Douglassville Shopping Center, the 48,000-square-foot property sits on a 3.18-acre lot. It was built in 1976 and renovated in 2025. Redner’s Markets is a privately held, employee-owned grocery company with 64 locations across the Mid-Atlantic.
The property is situated in Douglassville, inside the Reading metropolitan area. It is directly off of Ben Franklin Highway, approximately 40 miles away from Philadelphia.
"The brand-new 20-year lease drew exceptional demand from net lease investors nationwide," said Colin Reder, associate director investments at Marcus & Millichap. "As one of the original Redner's locations and the No. 1 store within their chain, according to Placer.ai, this was a truly institutional-quality asset in a strong Philadelphia-area submarket."
Reder, Derrick Dougherty and Scott Woodard of Marcus & Millichap exclusively listed the property on behalf of the seller, a regional limited partnership, and procured the buyer, a large Philadelphia-area company.
"It was a pleasure working with both the seller and the buyer to bring this transaction to a smooth close, and we're grateful for the trust each side placed in our team," said Dougherty, senior managing director investments at Marcus & Millichap.
Located at 11 Douglassville Shopping Center, the 48,000-square-foot property sits on a 3.18-acre lot. It was built in 1976 and renovated in 2025. Redner’s Markets is a privately held, employee-owned grocery company with 64 locations across the Mid-Atlantic.
The property is situated in Douglassville, inside the Reading metropolitan area. It is directly off of Ben Franklin Highway, approximately 40 miles away from Philadelphia.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
