Paul Schwedelson Reporter - Philadelphia Business Journal
The View at Marlton, a shopping center in Marlton, New Jersey, sold for $36.5 million.
A roundup of recent real estate transactions across the Philadelphia region:
$36.5 million
A Philadelphia-based partnership between Abrams Realty & Development and Lazgor Co. sold The View at Marlton for $36.5 million to Lakewood, New Jersey-based Paramount Realty Services as part of a 1031 exchange.
The 91,000-square-foot Marlton, New Jersey shopping center was built in 2017 and is 98% occupied. Tenants include LA Fitness, AAA, Truist Financial Corp., Dunkin’ Donuts, several beauty tenants and more.
$4.6 million
Lifelong Commercial Real Estate bought a 4,460-square-foot Wawa store at 949 Montgomery Ave. in Narberth from a national real estate investment trust for $4.6 million. The property is near the intersection of Montgomery Avenue and Old Gulph Road.
$4.2 million
Velocity Venture Partners sold a 48,000-square-foot industrial building at 436 Commerce Lane in West Berlin, New Jersey, to an undisclosed buyer for $4.2 million. Velocity bought the property in August 2020 for $2.7 million.
The building is fully occupied by site investigation contractor Conetec, drywall contractor P&B Partitions, Walmart, and Closet & Storage Concepts.
$2.175 million
A private group sold the property at 130 W. Girard Ave. in Fishtown for $2.175 million to Philadelphia-based High Top Development, which plans to build a seven-story, 84-unit building on the site.
The triangular-shaped property is on the southwest corner of West Girard Avenue and North Howard Street on the border of Fishtown and Northern Liberties. It was previously a Truist bank branch and was marketed as a development opportunity.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.