Monday, May 20, 2019

Brixmor Buys Plymouth Square for $56 Million

New York-based real estate investment trust Brixmor Property Group purchased a shopping center in Conshohocken, Pennsylvania, from Signature Financial Corp. for $56 million, or about $210 per square foot.

The 266,113-square-foot center, dubbed Plymouth Square, is 70% leased to major tenants including Weis, REI, Rite Aid and Marshalls. Spanning 16.5 acres, the Class B property at 108-200 W. Ridge Pike and 1920 Butler Pike is less than 15 miles from downtown Philadelphia.

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