Tuesday, August 9, 2011

Five Below opens 2 stores, Stoltz buys Shoppes at Cross Keys and National Honey buys Bristol building

by Natalie Kostelni

"Five Below opens two new Philadelphia-area stores today. One is at the Warminster Towne Center at 978 W. Street Road in Warminster, and the other is at the Metroplex at 2436 Chemical Road in Plymouth Meeting.

Stoltz Real Estate Partners bought the Shoppes at Cross Keys, an upscale lifestyle center in Sicklerville, N.J., from Huntington Bank of Ohio for an undisclosed amount. The 122,637-square-foot center at the intersection of Cross Keys Highway and the Atlantic City Expressway was constructed in 2008 and opened in 2009

National Honey Almond Inc., a wholesale distributor of fine cigars, bought a new building in Bristol that will serve as its new headquarters. It bought the vacant property at 247 Rittenhouse Circle, which totals 30,000 square feet, from an institutional owner for $1.7 million. The firm will relocate its administrative office and warehouse space it leases now in Bristol later this year."

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