Monday, August 25, 2014

Advanced Auto Parts Signs 10 Yr Lease in Doylestown

Advanced Auto Parts opened at Bailey’s Square on August 14th. This is  a newly constructed retail shopping center development located at the traffic-lit intersection of Swamp Road (Route 313) and Ferry Road in the Doylestown, PA.
Advance Stores Company, Incorporated (Advance Auto Parts), which  opened on August 14th, signed a 10 year lease valued at $1.4 million dollars for 7,000 sq. ft. of retail space at Bailey’s Square, where it occupies the anchor position and is the first tenant to open for business. Richard Soloff of SRD represented Bailey’s Square LLC in this leasing transaction, and Drexel Realty Group, Inc. represented the Tenant. 
Advance Auto Parts, which is headquartered in Roanoke, Virgina, operates 5,276 stores under the Advance Auto brand across 49 states, Puerto Rico and Canada. The company is the largest provider of aftermarket automotive parts for the enthusiastic layperson, professional mechanics and installers.

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