SOLD
Velocity Venture Partners Acquires Richland Plaza Shopping Center In Quakertown, PA For $16.7M
733 South West End Boulevard
Retail
225,000 SF
225,000 SF
Sold 303 days ago
Summary
Sale
PENNSYLVANIA
Retail
225,000 sqft
Velocity Venture Partners has acquired Richland Plaza, a 225,000-square-foot shopping center in Quakertown, Pennsylvania. The property, situated on 20 acres, has been sold by APS Associates for a total price of $16.7 million. Richland Plaza is home to various tenants, including Wells Fargo and Ollie's Bargain Outlet. The buyer, Velocity Venture Partners, has plans to redevelop the shopping center.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $16,700,000
- Square Footage: 225,000
- Address: 733 South West End Boulevard, Quakertown, Pennsylvania
- Market: Quakertown, Pennsylvania
- Buyer: Velocity Venture Partners
- Seller: APS Associates
- Broker: James Balliet - The James Balliet Property Group - Keller Williams
James Balliet from The James Balliet Property Group, representing Keller Williams, facilitated the transaction between Velocity Venture Partners and APS Associates in the sale of Richland Plaza.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: James Balliet
DATE: 07/10/2023
ADDRESS: 733 South West End Boulevard
MARKET: Quakertown, Pennsylvania
ASSET TYPE: Retail ~ ACRES: 20
BUYER: Velocity Venture Partners
SELLER: APS Associates
BROKER: James Balliet - The James Balliet Property Group - Keller Williams (@KellerWilliamsRealty)
SALE PRICE: $16,700,000
SF: 225,000 ~ PPSF: $74
NOTE: Velocity Venture Partners has purchased Richland Plaza, a 225,000-square-foot shopping center in Quakertown, for $16.7 million. The buyer plans to redevelop the property, which is situated on 20 acres and houses tenants such as Wells Fargo and Ollie's Bargain Outlet.View on map
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Address733 South West End Boulevard
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