Commercial Property Executive Empire Realty Investments Inc. has sold the 109,057-square-foot Bensalem Shopping Center in suburban Philadelphia for $20.1 million, or $184.31/sf. The price results in a 6.41% capitalization rate. The sale was arranged by JLL Capital Markets, which also ...
Neshaminy Mall sits on a 91-acre parcel and is about 50 percent occupied. It's anchored by a Boscov's that occupies 215,586 sf, as well as an AMC movie theater in 90,997 sf. Part of the 220,000-sf anchor space that had ...
Philadelphia Business Journal Paramount Realty is set to acquire the 1 million-square-foot Neshaminy Mall in Bensalem, Pa., from Brookfield Properties. Paramount, a Lakewood, N.J., investor, is said to have paid roughly $25 million for the property, along U.S. Route 1 ...
EQT Exeter has paid $41.98 million, or $97.53/sf, for the 430,373-square-foot industrial property at 450 Winks Lane in the Philadelphia suburb of Bensalem, Pa. The Conshohocken, Pa., investment manager was formed earlier this year through the acquisition of Exeter Property ...
A Pennsylvania investor group sold the property through JLL. The group had started thinking about bringing Bensalem Crossing to market in January. It's net leased in its entirety to three tenants, including a ShopRite grocery store that occupies 50,065 sf through ...
97 percent leased.
90 percent occupied.
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