HFF announces the sale of suburban Philadelphia retail center

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.

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.

Michael DiCosimo

 “Investor demand for infill community and neighborhood shopping centers such as Warminster Plaza remains strong,” Munley said.  

“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

cmunley@hfflp.com

MICHAEL DICOSIMO

HFF Associate Director

(484) 532-4200

mdicosimo@hfflp.com

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com