JLL completes $126M retail portfolio transaction between SITE Centers and Haverford Retail Partners

PHILADELPHIA, Nov. 25, 2025 –  JLL Capital Markets announced today that it has arranged the sale of a $126 million retail portfolio consisting of three premier neighborhood shopping centers spanning Pennsylvania, Ohio and New Jersey markets.

JLL represented the seller, SITE Centers Corp., which sold the portfolio to Haverford Retail Partners.

The portfolio includes Southmont Plaza in Easton, Pennsylvania; Stow Community Shopping Center in Stow, Ohio; and East Hanover Plaza in East Hanover, New Jersey. The three properties total nearly 770,000 square feet of gross leasable area and maintain an aggregate occupancy rate of 99 percent across 46.8 acres of prime retail real estate.

Southmont Plaza, the portfolio's flagship asset, encompasses 250,939 square feet anchored by Dick's Sporting Goods and Best Buy, with Lowe's serving as a shadow anchor. The property's diverse tenant roster includes national retailers Ross Dress for Less, Barnes & Noble, Staples, Michaels, Texas Roadhouse and Panera Bread, creating a merchandising mix spanning service-oriented retail, apparel, food and beverage, discount retail and electronics. Located at the intersection of Route 33 and Birkland Place in Easton, Pennsylvania, the center benefits from 28,800 daily vehicle counts and serves a trade area population exceeding 137,000 residents within five miles, generating 3.5 million annual visits while ranking as the second most visited community shopping center in its trade area.

Senior Managing Director Jim Galbally, Director Patrick Higgins and Senior Director JP Colussi of JLL Capital Markets led the Southmont Plaza transaction.

Stow Community Shopping Center features 418,587 square feet across eight buildings, anchored by Giant Eagle, the market's dominant grocer with a 33.5 percent market share in the Akron metropolitan area. The property's tenant mix includes Kohl's, Hobby Lobby, TJ Maxx, HomeGoods and various service-oriented retailers, with Target serving as a shadow anchor. Strategically positioned three miles from Kent State University, with more than 34,000 students, the center generates 5.2 million annual visitors and capitalizes on its location within Ohio's fourth-largest metropolitan area.

JLL’s Senior Director Michael Nieder, Director Brian Page and Associate John Detlaff led the Stow Community Shopping Center transaction.

East Hanover Plaza is a 98,020 square foot neighborhood shopping center featuring three subsidiaries of TJX Companies as anchor tenants, with HomeSense, HomeGoods and Sierra occupying nearly 70 percent of the owned square footage. The property maintains 100 percent occupancy and benefits from shadow anchors Costco and Target along Route 10, which carries 35,600 average daily traffic counts. Located in Morris County, New Jersey's second-wealthiest county, the center serves an exceptionally affluent area and provides convenient access to major highways, including Interstate 287, Interstate 280 and Route 24.

Senior Managing Directors Jose Cruz, Senior Director J.B. Bruno and Associate Michael Kavaler led the East Hanover Plaza transaction.

"The retail investment market across the United States has demonstrated resilience with strong fundamentals supporting continued investor demand," said Galbally. "The combination of investment-grade credit tenants, exceptional demographics and dominant market positions in high-barrier-to-entry locations created significant buyer interest."

Cruz added, "We're seeing continued strength in the retail investment market, particularly for well-located properties with national tenant rosters and stable cash flows."

"We are seeing tremendous liquidity on large-format, high-performing open-air shopping centers in Northeast Ohio," commented Nieder. "This marks our team's third transaction in excess of $50 million in 2025 that has garnered tremendous investor interest."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

SITE Centers is an owner and manager of open-air shopping centers located primarily in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com.

Haverford Retail Partners is a vertically integrated owner and manager of essential retail assets, primarily in the Mid-Atlantic, Northeast, and Midwest. . The company has completed over 100 essential retail transactions valued at over $2.5 billion.

For more information, please view www.haverfordretail.com/