Thursday, June 29, 2017

Lower Makefield Shopping Center Sells for $20M

Inland Institutional Capital Partners Corporation, a subsidiary of The Inland Real Estate Group of Companies, acquired the Lower Makefield Shopping Center at 668 - 706 Stony Hill Rd. in Yardley, PA for $20.4 million, or about $272 per square foot, from TriGate Capital LLC.

Built in 1986, the 74,953-square-foot retail strip is 97 percent occupied by multiple tenants including Rite Aid, Giant Food and GNC.

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