Realty Resource Capital Corp. has purchased Warrington Plaza, a fully occupied shopping center in Warrington, Pennsylvania, for $22.5 million.
The Woodbury, New York-based real estate investment and commercial financing firm acquired the shopping center from Valley Forge Investment Corp.
Located at the intersection of Street and Easton roads, two of the busiest commercial arteries in Bucks County, Warrington Plaza totals 87,581 square feet and is anchored by a 35,000-square-foot regional specialty home improvement retailer Avalon Floor & Tile.
"The property was resilient during COVID, retaining 100% of its existing tenants while also getting anchor tenants Avalon and Rite Aid to sign long-term leases. Warrington is one of Avalon's highest-grossing locations of the 17 stores in the chain."
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