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Washington DC & Mid-Atlantic  + Pennsylvania  + Retail  |  June 11, 2026
Jasmine Kilman
By: Jasmine Kilman

Colliers Facilitates $13M Sale of Pennsylvania Retail Plaza

Colliers announced the $12.8 million sale of Milford Landing Plaza, a retail center at 102 Milford Landing Drive in Milford, Pennsylvania.

The transaction was completed on behalf of a special-purpose entity affiliated with CenterPoint Properties, and the asset was purchased by Pump Place, LLC. The Colliers team representing the seller included Senior Vice President Jeff Algatt, Senior Vice President Derek Zerfass, and Vice President Scott Horner, who led the marketing and execution of the transaction.

Milford Landing Plaza offered a turnkey investment opportunity featuring 43,956 square feet of retail space, 100% leased and occupied on a net-lease basis. The property is anchored by Harbor Freight and supported by strong shadow anchors, including Lowe’s, Home Depot, and Walmart.

The buyer, Pump Place, LLC, is the legal purchasing entity for Wells Real Estate Investments, based in Allentown, Pennsylvania. The acquisition was completed as part of a 1031 exchange strategy following the recent sale of an industrial asset, with Milford Landing Plaza serving as the first completed acquisition in that exchange portfolio.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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