Thursday, April 8, 2010

Forman Mills/Citizens Bank Location Sells for $6.2

"Lerner-Heidenberg Properties purchased the retail building at 3500 Aramingo Ave. in Philadelphia from A & P Supermarkets for $6.2 million, or $108 per square foot.

The 57,288-square-foot building is situated on five acres. It was built in 1920 and is currently 100 percent leased to Forman Mills and Citizens Bank. The property sits next to the Imperial Plaza, a 121,350-square-foot shopping center, which Lerner-Heidenberg has owned since 1999."

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