Mid Atlantic Real Estate Journal — Shopping Centers — May 31 - June 13, 2013 — 29A
www.marejournal.com
S hopping C enters
SEEKING RETAIL PROPERTIES IN THE NORTHEAST CORRIDOR
HILADELPHIA, PA— Marcus & Millichap Real Estate Invest- Nathanson, Shover & Gorman execute transaction Marcus & Millichap sells 7,088 s/f retail building for $2.95m P
ment Ser- vices has an- nounced the sale of Frank- ford & Cott- man Center, a 17,088 s/f retail proper- ty, according to Spencer Yablon ,VP/ regional man- ager of the firm’s Phila- delphia office. T h e a s s e t commanded a sales price of $2.95 mil- lion. Brad Na- t h a n s o n , M a t t h e w G o r m a n and Michael Shover , out of Marcus & Mi l l i chap ’s Philadelphia
Brad Nathanson
P: 212.710.9362 F: 917.591.5497 E: DKATZ@KATZPROPERTIES.COM
Matthew Gorman
Michael Shover
office, had the listing to market the property on behalf of the seller. The buyer, a PA based partnership, was also secured and represented by Nathanson, Shover and Gorman. Frankford &Cottman Center is located at 7245 Frankford Ave. The center was 90% oc- cupied at the time of sale with new leases from Hertz Rent-a- Car and Mattress World. “The property sits on a prominent corner at the intersection of two major arteries within the Northeast section of Phila. The asset will provide attrac- tive cash flow for the buyer produced from an assemblage of storefronts at this busy inter- section,” said Nathanson. n Williams of Dietrick Group brokers 1,000 s/f retail space HELLERTOWN, PA — Judy Williams of Dietrick Group represented both the
landlord and the tenant in the leasing of 1,000 s/f of retail space on He l l e r - town’s main t h o r o u g h - fare – 1057 Main St. The
Judy Williams
tenant, Gr8Soundz, will sell records, CDs and electronic stereo equipment. n
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