Exchange Right Acquires Bellefonte Retail Property For $10.1M

The sale of a Giant grocery store located at 2699 Benner Pike in Bellefonte, Pennsylvania has been finalized, fetching a sale price of $10,100,000. The transaction was facilitated by Dean Zang, Brad Nathanson, and David Crotts from Marcus & Millichap, representing the seller, a local developer. The buyer, an affiliate of Exchange Right, was represented by JRW Realty.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,100,000
• Location: 2699 Benner Pike, Bellefonte, Pennsylvania
• Market: Bellefonte, Pennsylvania
• Asset Type: Retail
• Acres: 5.69

The deal involved key individuals and companies such as JRW Realty, representing the buyer Exchange Right, and Brad Nathanson, David Crotts, and Dean Zang from Marcus & Millichap, acting as the seller’s representatives. The sale marks a significant transaction in the commercial real estate market of Bellefonte, Pennsylvania.