Tuesday, October 11, 2016

Philadelphia Middle-Market Digest For October

by Steve Lubetkin, Globest.com

Sales

WHITEHALL, PA—PH Retail, an affiliate of leading-edge real estate company Post Brothers, sold 2610 MacArthur Road, a 4,815-square-foot retail property in Whitehall, PA. The freestanding building, situated on an outparcel of MacArthur Towne Center — home to national retailers Walmart, Sam’s Club, Dick’s Sporting Goods and Lowe’s – is now occupied by Chick-Fil-A in a triple-net lease. PH Retail originally acquired the property in February 2015 after it had fallen into disrepair following the departure of a prior restaurant. Recognizing the site’s prime location nearby major thoroughfares and retail centers, the company quickly secured Chick-Fil-A as its new tenant following the acquisition. PH Retail led the subsequent demolition of the existing structure, in addition to securing approvals for the development of the new freestanding Chick-Fil-A structure.

HARRISBURG, PA—Wild Tomato Group purchased the restaurant The Wild Tomato Pizzeria from SD Food Management.  The 1,500 square-foot business is located at 4315 Jonestown Road in Harrisburg.

Leases

HARRISBURG, PA—Calderon Textile has relocated and leased a 57,600 square-foot distribution warehouse located at 7253 Grayson Road in Harrisburg from Liberty Property.
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