Thursday, August 1, 2013

Tremont Shopping Center Sold for $10.4M

BET Investments, Inc. acquired the Tremont Shopping Center at 2500-2544 Welsh Rd. in Philadelphia, PA from Korman Commercial Properties, Inc. for $10.4 million, or about $193 per square foot. 

The single-story 54,006-square-foot strip center was built in 1960 in the Northeast Philadelphia submarket. It is anchored by Planet Fitness.

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