Updated Oct 29, 2025
Quarry Center LP Sells Fully Leased Retail Asset In Havertown For $80 Million
116 Township Line Road
$80,000,000
$359/SF
Building Size
222,512 SF
Asset Type
Retail
Closing
Oct 27, 2025
About this deal
AI
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.
On the Map
$80,000,000
$359/SF
Retail
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Players
Havertown Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93