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| Warminster Plaza, Warminster, PA |
PHILADELPHIA, PA
–– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Warminster
Plaza, a 128,544-square-foot shopping center in the Philadelphia-area
community of Warminster, Pennsylvania.
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| Chris Munley |
The HFF team
marketed the property on behalf of the seller, Liberty Bell Capital III, LP. PB
Warminster Plaza LLC purchased the asset.
Warminster Plaza
is situated at the intersection of Street and York Roads, which have a combined
traffic count of 70,000 vehicles per day. The retail center also has
immediate access to the Pennsylvania Turnpike (Route 276) and is approximately
27 miles from City Center Philadelphia.
More than 78,300 residents earning an average annual
household income of $87,393 live within a three-mile radius of the
center.
Warminster Plaza is home to SMG SportsPlex at Warminster, AAA,
Lee’s Hoagie House, YMCA of Buck’s County, Kid’s First Swim Schools, Pearle
Vision Center and Grand Buffett.
The HFF
investment advisory team representing the seller included managing director Chris
Munley and director Michael DiCosimo.
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| Michael DiCosimo |
“Retail assets offer competitive risk-adjusted returns in today’s commercial real estate climate, and more capital is entering the space as we continue to see improving retail fundamentals in occupancy levels, rental rates and tenant demand.”
CONTACTS:
CHRIS MUNLEY
PA Lic. #RS314499
HFF Managing Director
(484) 532-4200
MICHAEL DICOSIMO
HFF Associate Director
(484) 532-4200
KIMBERLY STEELE
HFF Digital
Content/Public Relations Specialist
(713) 852-3420
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