Wednesday, December 1, 2010

Insalaco Development Group Makes Investment Purchase

"Insalaco Development Group purchased 700 S. Ridge Ave. in Middletown, DE from Westown Town Center LLC for $5.925 million, or approximately $400 per square foot.

The 14,820-square-foot retail building is located on Route 301 and was constructed in 2009. The property sits on 2.26 acres and contains ample parking. Walgreens fully occupies the property on a 25-year, triple-net lease, currently in its second year."

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