Adler Realty Investments Sells Bensalem Crossings Shopping Center For $12.45M With Hanley Investment Group

The property asset involved in the transaction is a retail shopping center located at 2200-2290 Bristol Road in Bensalem, PA. The sale was finalized for $12,450,000, representing a total square footage of 67,215, equating to a price per square foot of $185. This center is fully leased to national tenants, including ShopRite and CVS, making it a grocery- and drug-anchored facility.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,450,000
• Square Footage: 67,215
• Address: 2200-2290 Bristol Road
• Market: Bensalem, PA
• Seller: Adler Realty Investments
• Brokerage: Hanley Investment Group
• Brokers: Kevin Fryman, Bill Asher & Jeff Lefko

Hanley Investment Group facilitated the sale of Bensalem Crossings, providing brokerage services in this transaction. The buyer is identified as a California-based private exchange investor, marking a significant investment in the retail space.