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Philadelphia retail center for sale



Concordville Town Centre, a retail property is based in Glen Mills, Pa. 
The mall is up for sale by the Brandolini Cos. the Berwyn, Pa. company and its adviser, CBRE Group, are accepting offers in the best-and-final-stage. The property has attracted bids in excess of $100m which is about $252/sq ft for this 397188 sq ft property. The property, developed during 2009, is placed on about 69 acres at 101 Byers Drive. Its estimated net operating income for the next year is $5.8m.The property holds a 99.3% leasing rate, with 28 tenants. 

Home Depot, an anchor, occupies 132511ftІ, Marshalls Home Goods 59795ftІ, Acme Markets 54444ftІ, Staples 20388ftІ and PetSmart 20087ftІ. Its shadow anchor, Target, occupies 127439 ftІ which is not included in the sale. Other tenants include Wells Fargo Bank, Santander Bank, Outback Steakhouse and Bertucci’s. The property is based at the junction of State Highway 322 and US Route 1 in a prime retail corridor. It is located in an affluent area, with average household earnings in excess of $120000, and an estimated population growth of 3.4% over the next five years.Brandolini was founded in 1936 and operates and owns 2.8 million ftІ of commercial real estate.


More about shopping malls in the USA



Dec 12, 2018, Finland:
With the approach of the New Year holidays, we are launching a series of reviews on the most popular tourist destinations.
Dec 11, 2018, United Kingdom:
Amazon is preparing to open the first innovative Amazon Go store in London.
Dec 5, 2018, Japan:
The project is being developed in partnership with the Japanese video game manufacturer Bandai Namco Amusement.
Nov 29, 2018, Finland:
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Nov 27, 2018, France:
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Nov 21, 2018, Philippines:
The grand-scale store of the Swedish furniture giant released as tenant of Mall of Asia in Manila.
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Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo


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