The Shops at Valley Square — a lifestyle center of nearly 300,000 sq. ft. in Warrington — has been acquired by Lamar Companies of Fairfield, N.J. The mixed-use site at 1501 N. Main St. hosts retail, commercial and multi-family residential properties; it was built in 2007.

One of the deciding factors that caused Lamar to seal the deal was the center’s prime location. Positioned in what its marketing material calls an “affluent suburb,” the footprint puts it near Street Rd. (Rt. 132) and Easton Rd. (Rt. 611).

Data show those corridors routinely seeing nearly 70,000 vehicles per day.

The purchasers also considered anchors Home Depot and Wegmans to be best in class. The “strong tenant mix” also includes Ulta Beauty, DSW, Banana Republic, and Eastern Mountain Sports. Its short list of onsite food options names PF Chang’s, Playa Bowls, Panera Bread, Turning Point, Gran Rodeo Mexican Grill, Great Barn Taphouse, and Ardana.

Lamar has characterized the Shops at Valley Square as having “strong leasing momentum with multiple new leases at execution and … prime retail leasing opportunities.”

Locally, the real estate investment company also owns two centers in N.J., Liberty Hall II, Union, and Ventnor Plaza, Ventor.