Thursday, September 1, 2016

Recent Philadelphia-Area CRE Deals Totaling $7 Million

by Steve Lubetkin, Globest.com
A number of Philadelphia  sales and leases valued at $7 million have been recently completed.

45 S. Third Street in Old City sold for $800,000. The former home of The Irish Pōl, known for its brews, bourbons, and pub grub, has been purchased by Pioneer Ventures, owners of the pub concept Buffalo Billiards, currently operating in Philadelphia. Pioneer Ventures plans to open a second Buffalo Billiards location/new concept after renovations are complete. The two-story property was built in 1900.

The General Services Administration leased 17,804 square feet at 9300 Ashton Road in Northeast Philadelphia. The Social Security Administration will relocate there from 2373 Welsh Road.

United Refrigeration leased approximately 13,000 square feet at 606 Spring Garden Street to I. Brewster & Company Gallery. Brewster will use the space as a showroom and administrative space for the growing gallery, enabling the 30-year Philadelphia tenant to expand the depth of inventory in masters, contemporary and pop art paintings, drawings, and original prints.

Ameribest Homecare leased 6,000 square feet at 1217-35 Spring Garden Street. The company, which provides comprehensive home health and personal care services, is relocating from 926 Race Street.
www.omegare.com

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