Mid Atlantic Retina Acquires Office Buildings In Plymount Meeting, PA & Cherry Hill, NJ For $22M

The office property located at 4060 Butler Pike & 8 Ranoldo Terrace in Plymount Meeting, PA & Cherry Hill, NJ has been sold in a transaction. The property is spread across 49,787 square feet and was sold for a total sales price of $22,000,000. The buyer of the property is Mid Atlantic Retina, while the seller is Welltower Inc. The transaction took place on July 15, 2022. The sale price of the property equates to $442 per square foot.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $22,000,000
• Square Footage: 49,787
• Buyer: Mid Atlantic Retina
• Seller: Welltower Inc.
• Broker: Scott Martin - Avison Young

Scott Martin from Avison Young represented both the buyer, Mid Atlantic Retina, and the seller, Welltower Inc., in this transaction.