National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
PA-Based Franklin Marketplace Trades Hands for $26M
PAG Investments acquired the 223,434-square-foot Franklin Marketplace from Benbrooke Realty Investment Co. The North Jersey buyer paid $25.8 million for the Philadelphia, PA property, which is 88.6% occupied. Chris Munley, Jose Cruz and Michael DiCosimo of HFF brokered the transaction.
The retail center is situated on 18.4 acres at 101-105 Franklin Mills Blvd. in northeast Philadelphia. Tenants include Kaplan, Big Lots, Dollar Tree, Retro Fitness, Harbor Freight Tools and Citizens Bank.
For comments, questions or concerns, please contact Amy Sorter
- ◦Sale/Acquisition
- ◦Sale/Acquisition
