Parkway Corporation Acquires Strategic Parking and Retail Property in New Hope, Pennsylvania
Parkway Corporation has expanded its national parking portfolio through the acquisition of a strategic property located at the intersection of Main and Bridge Streets in New Hope, Pennsylvania. The acquisition includes a surface parking lot situated in a high-traffic area, along with two fully leased retail and commercial buildings. The move aligns with Parkway's long-term strategy of targeting supply-constrained markets with high visitor activity and diverse demand drivers. To optimize operations, the company will partner with Metropolis Technologies to manage the parking facilities at this central location.
Topics: commercial real estate parking operator portfolio expansion real estate acquisition