SOLD
RW Capital Partners Sells Ridge Plaza Shopping Center In Royersford For $12.5M
451 West Ridge Pike
Retail
Sold 14 days ago
Summary
Sale
PENNSYLVANIA
Retail
The Ridge Plaza shopping center in Royersford, Pennsylvania, located at 451 West Ridge Pike, was sold by Robert Whalen Jr.'s company, RW Capital Partners, for a total sale price of $12,500,000. The retail center was acquired for nearly 60% less in 2015, making this transaction a successful investment that garnered significant returns for investors.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,500,000
- Seller: Robert Whalen Jr. - RW Capital Partners
- Market: Royersford, Pennsylvania
- Address: 451 West Ridge Pike
The sale of the Ridge Plaza shopping center attracted four separate buyers in distinct transactions, showcasing the strategic investment approach of RW Capital Partners in grocery-anchored shopping centers and tenant management. The successful leveraging of the growing market led to a fruitful outcome for the company and its investors.
Details
SOLD
IMAGE: 04/24/2024
ADDRESS: 451 West Ridge Pike
MARKET: Royersford, Pennsylvania
ASSET TYPE: Retail
SELLER: Robert Whalen Jr. - RW Capital Partners
SALE PRICE: $12,500,000
NOTE: RW Capital Partners has sold the Ridge Plaza shopping center in Royersford for a combined $12.5 million, nearly 60% more than its acquisition price in 2015, with the retail center attracting four separate buyers in distinct transactions. The sale marks a successful investment for RW Capital, which strategically leveraged the growing market to secure significant returns for its investors, exemplifying the fruitful outcome of its investment approach focused on grocery-anchored shopping centers and strategic tenant management.View on map
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Address451 West Ridge Pike
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