Updated Oct 16, 2026
L&B Realty Advisors Acquires Retail Center In Yardley From DeLuca Homes For $39M
930 Stony Hill Road
$39,000,000
$693/SF
Building Size
56,252 SF
Asset Type
Retail
Closing
Oct 14, 2026
About this deal
AI
L&B Realty Advisors acquired a retail center at 930 Stony Hill Road in Yardley, Pennsylvania, for $39 million. The asset, known as Prickett Preserve, spans 56,252 square feet and is situated on 22 acres. The property, completed in 2024, has a current leasing status of 99%, featuring tenants including CVS, Chase Bank, and Chipotle.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $39,000,000
- Address: 930 Stony Hill Road
- Market: Yardley, PA
- Square Footage: 56,252
- Price Per Square Foot: $693
- Buyer: L&B Realty Advisors
- Seller: DeLuca Homes & Envision Land Use
- Broker: JLL
The transaction involved key representatives from both the buyer and the seller. L&B Realty Advisors pursued this investment opportunity, facilitated by JLL, who acted as the broker in the deal. The sellers, DeLuca Homes and Envision Land Use, conducted the transaction in partnership.
On the Map
$39,000,000
$693/SF
Retail
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Players
Stony Hill Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93