Thursday, October 3, 2013

Agree Realty Pays $10.6M for Retail Bldg

Agree Realty Corporation acquired the BJ's Wholesale Club building at 1785 Airport Rd. in Allentown, PA from DDR Corp. for $10.6 million, or about $94 per square foot. 

The retail building was delivered in 1991, and totals 112,230 square feet on 11.4 acres. BJ's Wholesale Club is the sole occupant of the property, with a lease expiring at the end of 2016.

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