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MORGANTOWN CROSSINGS, MORGANTOWN PA
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FRONT COVER
PHOTO:
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Wolfson Group
is a real estate development and management company that
focus
specializes in high quality, non-speculative, community, neighborhood and regional
retail projects. Since its founding in 1992, the company has practiced a consistent, teamdirected approach to development that works to safeguard the interests of its principal
while appropriately meeting the needs of the communities it serves.
1
With twenty-five years of experience in building reliable retail assets, principal
Steven Wolfson developed a conservative philosophy of commercial retail property
development and management that is marked at every step by effective efforts to
reduce risk. Through strict controls, demanding due diligence, and a company-wide
commitment to consistent best practices in developing over 6 million square feet of
retail space, Wolfson Group has earned its reputation for excellence in the
commercial real estate industry.
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WOLFSON GROUP, INC.
D E V E L OP M E N T
Due diligence is the foundation of every Wolfson Group development project.
From pre-development, through financing, leasing, and property management, the Company’s
professional teams are guided by a commitment to a fiduciary responsibility at every stage.
2
Risk reduction controls begin with the process of land acquisition. As Wolfson Group’s Development
Team seeks to identify opportunity markets for national retailers, it analyzes regional growth
potential, zoning, demographic benchmarks, utilities, roadway infrastructure and acquisition options.
A prospective market must meet the Company’s rigorous criteria for these measures before Wolfson
Group will consider the opportunity for a development project.
Wolfson Group’s significant in-house experience in local permitting, environmental and other
governmental regulations, in tandem with outside counsel with expertise in real estate development,
enables the Company to maintain close controls on the approval process, while guiding projects forward
in cooperation with the municipalities and governmental agencies. Central to this process are core terms
and conditions developed by Wolfson Group to protect the financial interests of its principals, as well as
the economic viability of each project.
WEST SADSBURY COMMONS, WEST SADSBURY, PA
Wolfson Group’s philosophy
reflects the belief that the
significant enhancement of the
risk/reward ratio results from
the reduction of risk via a
system of carefully applied
controls, rather than the
enhancement of rewards.
— STEVEN WOLFSON
Growth
Built
into
Wolfson
Group's
consistent
development process is the flexibility to match
Turning Brown Into Green
the best professionals of engineers, architects,
and contractors to the needs of each site.
In Exton, Wolfson Group was undeterred by
the challenges of developing a 150-acre
In Eddystone, Pennsylvania, Wolfson Group's
team turned a former industrial brownfield
industrial
“brownfield”
that
was
environmentally scarred by a former truck
into a productive retail center. In Audubon,
repair shop, a battery manufacturer, and the
Pennsylvania, a neglected shopping center
remains of a railroad bed. Located at a major
that once was a hub of the community was
regional crossroads, the project was further
revitalized and restored to local prominence.
Regional lifestyle projects, such as Main Street
at Exton in Exton, Pennsylvania, have
complicated by the presence of culturallyvaluable historic structures and a trout-filled
tributary. “Addressing the environmental,
historic preservation, congestion, and cultural
different design demands from neighborhood
concerns relative to this land gave us the
shopping centers; different environments may
opportunity to apply our expertise on many
require specific adaptations; state and local
levels,” says Steven Wolfson. “We worked
regulations vary; and even communities may
have their own unique requirements that must
with the Pennsylvania Department of
Environmental Protection’s Land Recycling
program on the site cleanup, with Trout
be met before a project will be welcomed.
Unlimited on the stream relocation, with the
Township on the road widening, and with the
Wolfson Group’s expertise includes a working
local historical commission on the adaptive
experience of over two decades with select
reuse of several historic buildings, including
construction partners in the real estate
one that is nearly 300 years old. We took an
industry. Careful in-house oversight enables us
under-performing site and achieved a clean
to remain cost-effective while building quality
site, reaching a solution with ecological and
fiscal benefits for the community.”
projects that provide value for our retailers, our
principals and our investment partners.
5
WOLFSON GROUP, INC.
“MAIN STREET” LIFESTYLE DEVELOPMENT PROJECTS
4
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What happens when the country’s largest superstore meets a preservation-minded historic community?
Chester County, Pennsylvania is renowned for horse farms, historic battlefields, and Wyeth paintings.
The rapidly-growing region is working to preserve its bucolic environment while accommodating an
influx of new housing developments. When Walmart identified the area as a desirable new market,
residents worried about the impact of a “big box” store — until Wolfson Group presented a plan that
not only preserved, but enhanced, the quality of life in the town.
Respecting the diverse interests of preservationists, environmentalists and community leaders, Wolfson
Group pioneered the “Main Street” lifestyle development concept: a 24/7 development that offers
exciting stores and restaurants, attractive residential units, offices, and leisure and fitness opportunities
in a grid-street complex that mirrors the look and layout of the Main Streets that are at the heart of
America’s historic towns.
Main Street at Exton is a landmark 145-acre, $155 million project that has garnered high praise from
retailers, consumers, and the Chester County community, earning Steven Wolfson the Business
Leadership Award from the Exton Chamber of Commerce. Its success has inspired Wolfson Group to
develop Middletown Crossing in Delaware County, PA, and Main Street at Woolwich in Gloucester
County, NJ. These exciting new retail projects, featuring fine stores and restaurants, plus residential, office,
hotel, and recreation properties, are designed to set a new standard in multi-use development centers.
WOLFSON GROUP, INC.
LEASING
HILLTOWN CROSSINGS, HILLTOWN PA
Since
developing
the
first
Walmart
in
southeastern Pennsylvania, Steve Wolfson has
successfully introduced numerous anchor retailers
and reliable national chains into markets
5
throughout Pennsylvania and New Jersey.
Wolfson
Group’s
conservative
leasing
philosophy is built on doing what we do best —
matching proven tenants with the wants and needs of a community.
Analyzing the demographics of a potential market relative to the objectives of prospective tenants is a
priority of our Leasing Team throughout the due diligence and pre-and post-development process.
Retailers rely on Wolfson Group to design projects that meet their requirements while building a tenant
mix that is a retail destination for consumers. Our success in delivering productive stores in over 20
shopping centers has earned Wolfson Group the confidence of retailers nationwide, enabling the
Leasing Team to secure tenant commitments early in the development phase of a project.
Wolfson Group maintains the value of its retail properties with aggressive leasing efforts that continue beyond
the development of a project. Our experience in the commercial retail industry has helped us to build excellent
relationships with national chain stores and franchisors, who are often eager to locate in the Company’s
projects. As a result, shopping centers in Wolfson Group’s portfolio are approximately 98% leased.
WEST SADSBURY COMMONS, WEST SADSBURY, PA
confidence
Property Management
Wolfson Group’s Development, Leasing, and Financing Teams share a common goal:
to complete their respective responsibilities in a manner that ensures a smooth
transition to the Property Management
Team.
6
Our commitment to consistent best
practices continues through ongoing
Property Management that is designed to
preserve and maximize the investment
value of the asset. Wolfson Group’s
Property Managers work to meet the
ongoing
needs
of
retail
tenants,
consumers, and the community, and also
supervise third-party maintenance teams
who keep each property safe and attractive.
Meeting the wants and needs of consumers
means more than just providing good
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tenants; at Wolfson Group, it means exceeding expectations, and being a good corporate
partner by creating a commercial retail center that is also a center of the community.
MORGANTOWN CROSSINGS, MORGANTOWN PA
WOLFSON GROUP, INC.
Wolfson Group benefits from the significant commercial real estate experience of its principal,
Steven Wolfson.
RICHLAND CROSSINGS, QUAKERTOWN, PA
Steven B. Wolfson entered the commercial
real estate industry as a Financial Analyst for
an international banking institution. His
7
education and expertise in finance led him in
1984 to a senior management position with
a real estate investment firm where for two
years
he
structured
and
packaged
$75,000,000 in retail shopping center
transactions. Then, as the executive management partner of a major real estate development company, Steven was
responsible for both the acquisition and financing of $240,000,000 for regional shopping centers nationwide. In 1989
Steven formed a company that developed, financed, managed and leased nearly two million square feet of regional shopping
centers in the southeast. As Chairman and Chief Executive Officer/Partner of Wolfson Group, founded in 1992, Steven has
directed the expansion of the Company’s real estate portfolio to include over 6 million square feet of commercial space.
611
191
57
33
443
5
145
125
510
57
309
●
513
512
78
Maiden Creek
◆
78
81
31
78
Quakertown
476
183
◆
202
32
422
Morgantown
✪
◆
100
West Sadsbury
441
30
◆
74
472
372
82
Oxford
70
73
East
Eddystone
Marlborough
◆
272
372
1
52
295
851
95
543
95
MD
195
◆
◆
◆ Philadelphia
Granite Run
◆ ● Philadelphia
◆
Concord
◆ Holmes ◆
◆ ◆
76
222
Drumore
Trenton
Jenkintown
Exton
◆
23
83
95
95
Limerick
82
76
9
31
◆
◆
501
risburg
1
Hilltown
100
NJ
K.
TP
◆
Audubon
322
206
NJ
30
wy
te
en
Sta
Pk
ard
G
40
55
Atl
an
71
13
Egg Harbor
tic
Cit
322
y
Ex
pw
y
◆
49
213
55
896
DE
213
● Baltimore
301
300
20
50
553
✪Dover
49
● Atlantic City
47
9
213
47
Annapolis
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Locations
NEW JERSEY
D
Audubon Borough
◆
Camden County, NJ
Audubon Commons
Audubon Borough
◆
Camden County, NJ
Audubon Crossings
Egg Harbor Township
Atlantic County, NJ
◆
Oak Tree Plaza
Woolwich Township
◆
Goucester County, NJ
Woolwich Commons
Woolwich Township
◆
Goucester County, NJ
Woolwich Crossing
Woolwich Township
◆
Goucester County, NJ
Main Street at Woolwich
PENNSYLVANIA
Abington Township
◆
Caernarvon Township
Montgomery County, PA
◆
Berks County, PA
Shoppes at the Pavilion
Morgantown Crossings
Concord Township
◆
Concord, PA
Concord Commons
Drumore Township
◆
Lancaster County, PA
Drumore Crossings
East Marlborough Township
◆
Chester County, PA
Marlborough Commons
Eddystone Borough
◆
Delaware County, PA
Eddystone Crossings
Hilltown Township
◆
Bucks County, PA
Hilltown Crossings
Holmes
◆
Delaware County, PA
Limerick Township
◆
Montgomery County, PA
Lower Oxford Township
Maiden Creek
◆
◆
◆
Chester County, PA
Berks County, PA
Middletown Township
Philadelphia
◆
Delaware County, PA
Philadelphia County, PA
Richland Township
Atlantic
Ocean
72
Woolwich
40
40
9
70
➢
PA
New York
78
To
ll
22
443
◆
Bucks County, PA
West Sadsbury Township
◆
West Whiteland Township
Chester County, PA
◆
Chester County, PA
MacDade Mall
Limerick Commons
Oxford Commons
Maiden Creek Crossings
Middletown Crossing
Aramingo Crossings
Richland Crossings
West Sadsbury Commons
Main Street at Exton
Meetinghouse Business Center
120 W. Germantown Pike ◆ Suite 120
Plymouth Meeting, PA 19462
Tel 610.277.8899
Fax 610.277.8880