Adler Realty Investments Sells Bensalem Crossings Shopping Center For $12.45M With Hanley Investment Group
Pennsylvania
See Similar DealsAdler Realty Investments Sells Bensalem Crossings Shopping Center For $12.45M With Hanley Investment Group
2200 Bristol Road & 2290 Bristol Road
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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.
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