HFF announces the sale of single-tenant retail building in suburban Philadelphia

Marc Mandel

PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of a 7,000-square-foot, single-tenant retail building leased to Advance Auto Parts in the Philadelphia-area community of Browns Mills, New Jersey.

The HFF team marketed the property on behalf of the seller, a family trust.  A private investor purchased the asset free and clear of existing financing.

Advance Auto Parts has occupied the property since 2004 and has six years remaining on its lease term.  The building is situated on 1.72 acres at 1 Juliustown Town Road in Browns Mills, a community approximately 35 and 60 miles from downtown Philadelphia and New York City, respectively. 

Steve Schrenk

The property sits just five miles from McGuire Air Force Base/Fort Dix, a major economic driver for the immediate area with more than 3,100 officers, enlisted and civilian personnel from the Air Force, Army and Navy.

The HFF team representing the seller included managing director Marc Mandel and director Steve Schrenk.

HFF and Holliday GP Corp. ("HFF") are licensed New Jersey real estate brokers.

For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com