Alterra Property Group and McCaffrey’s Food Market Sign Lease Agreement
Gladwyne, PA – 11/23/2021 – Alterra Property Group and McCaffrey’s Food Markets today signed a long-term lease for a new McCaffrey’s Food Market at the intersection of Conshohocken State Road and Youngs Ford Road in the Village of Gladwyne. The new store, located at 1025 Youngs Ford Road, will be the eighth market overall for the locally owned food market and is slated to open in late 2022.
Alterra engaged McCaffrey’s Food Markets to open a new location at the site after hearing the community’s demand for a first-class food market in Gladwyne and receiving strong opposition to a denser residential/ mixed use development on the old Acme property.
“We are pleased to be able to bring McCaffrey’s Market to the Village of Gladwyne, and with that resolve the zoning issues that had become so divisive. We will now work with McCaffrey’s to get their store open later in 2022” said Leo Addimando, managing partner at Alterra Property Group.
A state-of-the-art Food Market, the new McCaffrey’s will be staffed by food experts and offer what McCaffrey’s is famous for: exceptional produce, meat, seafood, cheese, deli, bakery and floral, along with chef-inspired, gourmet prepared foods. Some highlights of the store include: a gourmet sandwich station, hundreds of cheeses from around the globe, extensive grocery selection, custom cakes, a gourmet coffee bar, comfortable, intimate indoor seating area and hundreds of organic and exotic product offerings.
“My family and I are beyond thrilled at the opportunity to bring our market to Gladwyne. We intend not only to serve the community, but to become an integral part of it as well” said Jim McCaffrey IV, Executive Vice President of McCaffrey’s Food Market.
ABOUT MCCAFFREY’S FOOD MARKETS
McCaffrey’s is a locally owned Food Market. The first McCaffrey’s Food Market opened in Yardley, PA in 1986. McCaffrey’s currently serves customers in seven locations: New Hope, PA; Yardley, PA; Newtown, PA; Blue Bell, PA; Doylestown, PA; Princeton, NJ; and West Windsor, NJ.
For more information about McCaffrey’s Food Markets visit www.mccaffreys.com
ABOUT ALTERRA PROPERTY GROUP, LLC:
Alterra Property Group, LLC (“Alterra”) is an established real estate investment, development, and management company based in Philadelphia, PA. Alterra’s real estate platform is strategically focused on our two core competencies of residential/mixed-use development, and industrial outdoor storage (IOS).
For more information, please visit https://alterraproperty.com