Quarry Center LP Sells Fully Leased Retail Asset In Havertown For $80 Million

The property involved in this transaction is a retail asset located at 116 Township Line Road, Havertown, PA. It encompasses 31 acres and boasts a total square footage of 222,512. The sale was executed for a price of $80,000,000, resulting in a price per square foot of $360.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $80,000,000
• Square Footage: 222,512
• Price Per Square Foot: $360
• Address: 116 Township Line Road
• Market: Havertown, PA
• Seller: Quarry Center LP
• Brokers: Chris Munley, Colin Behr, Ryan Sciullo & Casey Benson Smith - CBRE

CBRE facilitated the arrangement of the sale and represented the seller, Quarry Center LP. The brokerage team comprised Chris Munley, Colin Behr, Ryan Sciullo, and Casey Benson Smith, who also procured the buyer for this fully leased shopping center, anchored by Giant Food and Lowe’s.