As reported in the Philadelphia Inquirer, it appears Wegmans will indeed be coming to Montgomeryville, Pennsylvania. Â The Wegmans will be built on the site of the former Boscov’s department store. Â
Montgomeryville is one of the top retail markets in southeastern and southern New Jersey. Â Given the density of the market, land to construct such a large store was simply not available, so redeveloping a site was the only option. Â Stuart Conston and Rob Samtmann, both of Equity CRE, represented the Sellers of the two former department store ground leases; one at the Oxford Valley Mall in Langhorne, PA and the other at the Montgomery Mall in Montgomeryville, PA. Â The Oxford Valley Mall location was also previously occupied by Boscov’s.
Wegmans will be constructing an approximately 125,000 SF store that will be detached from the Mall. Â The grocer’s construction schedule is filled for 2012, so the beginning of construction and the subsequent opening have yet to be determined.Â
