Investors Bank Provides $42.95M Loan For Mixed-Use Property In Drexel Hill, Pennsylvania

A mixed-use property located at 5100 State Rd in Drexel Hill, Pennsylvania has recently closed in a transaction. The property spans a total area of 18.5 acres and offers a substantial 348,185 square feet of space.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $42,950,000
• Address: 5100 State Rd, Drexel Hill, Pennsylvania
• Market: Drexel Hill, Pennsylvania
• Square Footage: 348,185
• Acres: 18.5

The property transaction was facilitated by Jon Mikula, Michael Klein, and Michael Lachs from JLL, who represented the buyers, sellers, landlords, and tenants involved in the deal. Their expertise and negotiation skills played a crucial role in the successful completion of the transaction.

Investors Bank provided a loan of $42,950,000 for the acquisition of the property. MCB Real Estate, LLC, and The Hampshire Companies acted as the landlords in this transaction.