Parkway Corporation Strengthens National Parking Property Portfolio with New Hope Acquisition

PHILADELPHIA, Nov. 9, 2026 /PRNewswire/ -- Parkway Corporation, a leading real estate investor and parking operator, continues to grow its portfolio with the acquisition of a strategically located surface parking lot at the corner of Main and Bridge Streets in New Hope, Pennsylvania. The New Hope property also includes two fully leased retail and commercial buildings. Dave Dobkin and Dan Dean, Parkway's investment team, completed the transaction. The investment continues Parkway's expansion into markets with strong visitor activity, limited parking supply, and diverse demand drivers.

"Main and Bridge is the heart and center of New Hope, and parking there is in constant demand from visitors and residents alike," said Dave Dobkin, Managing Director, Head of Acquisitions of Parkway Corporation. "We plan to bring the same professional management we provide across our portfolio to New Hope, and we look forward to making parking as effortless as possible for everyone who comes to visit, shop and dine in town."

The property is surrounded by New Hope's vibrant mix of shopping, dining, entertainment, and cultural destinations, which draw locals, day-trippers, and overnight visitors throughout the year. Nearby destinations include the Bucks County Playhouse, the Ferry Market, and the New Hope & Ivyland Railroad. The property also sits at the foot of the New Hope-Lambertville Bridge, allowing convenient access to destinations and events on both sides of the Delaware River.

"This is exactly the type of asset we seek: a central, irreplaceable location in a severely supply constrained market, with demand from visitors and residents every day of the week," said Robert Zuritsky, President and CEO. "The New Hope acquisition continues our history of purchasing fantastic locations that are well positioned for value appreciation. We are delighted to be working with Metropolis Technologies as a strategic partner to manage the parking."

Adam Gillespie of Avison Young represented the buyer and seller.

Since launching a national covered land play acquisition platform in 2021, Parkway affiliates have invested in more than 20 surface parking lots. The transaction adds to Parkway's portfolio, which includes assets in Atlanta, Charlotte, Raleigh, Orlando, Denver, Fort Worth, Kansas City, and Chattanooga.

About Parkway Corporation

Parkway Corporation is a real estate investor and operator with deep expertise in property and parking management. Founded and headquartered in Philadelphia, Parkway has been an industry leader for more than 100 years, combining operational excellence and innovative technology to deliver exceptional products and customer experiences.

Parkway makes acquisitions in primary, secondary, and tertiary markets with mature or emerging paid parking characteristics, multiple parking demand generators, and demonstrable economic momentum and business growth. The Parkway investment platform focuses on acquiring surface parking lot facilities with current operating cash flows where a higher or better use may be achievable over a longer time horizon.

For more information, visit www.parkwaycorp.com or connect with Parkway on Facebook, LinkedIn, and Instagram.

Contact:
Sara McGovern, Slice Communications
[email protected]
610-914-5977

SOURCE Parkway Corporation