Rhode Island-based Ocean State Job Lot bought the 190,000-square-foot Fairless Hills Shopping Center in Falls Township for $23.6 million, according to Bucks County property records. Ocean State Job Lot, a discount retailer, will act as owner-operator. A Grocery Outlet is planned to open at the shopping center, and other tenants include indoor entertainment center Funzilla, Retro Fitness, Big Blue Swim School and a Wawa on a pad site. The Wawa property is included in the sale. Preferring to own its own space, Ocean State Job Lot has grown its real estate portfolio, acquiring more than 7.5 million square feet of real estate across more than 70 shopping centers throughout New England, New York, New Jersey and Pennsylvania. Ocean State Job Lot has 11 Pennsylvania stores, including in Montgomeryville, Pottstown and Warminster.
Source: Philadelphia Business Journal; 1/21/2025