Curbline Properties Corp Acquires Five Retail Properties In Philadelphia For $14.8 Million

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.