Curbline Properties Corp Acquires Five Retail Properties In Philadelphia For $14.8 Million
Pennsylvania
See Similar DealsCurbline Properties Corp Acquires Five Retail Properties In Philadelphia For $14.8 Million
2540 Aramingo Avenue
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The transaction involved the sale of five retail properties located at 2501, 2520, 2535, 2540 & 2545 Aramingo Avenue in Philadelphia, PA. The properties have a combined area of 38,000 square feet and were sold for a total price of $14,800,000, translating to a price per square foot of $389.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,800,000
- Buyer: Curbline Properties Corp
- Seller: Rodin Group
- Broker Representatives: Brad Nathanson & JP Colussi - Institutional Property Advisors
- Portfolio includes: Wawa, Applebee’s, Pizza Hut, and a former Rite Aid set to become a Chick-fil-A
Curbline Properties Corp. has strategically focused on acquiring properties in densely populated areas with high traffic, adding this portfolio as part of their expansion into convenience-driven retail locations.
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