Real Estate Journal — Shopping Centers — July 27 - August 9, 2018 — 7A
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M id A tlantic
S hopping C enters
Taylor of Marcus &Millichap represents GLCC Assoc. Beacon's Gene McHale &Colin McHale rep. buyer in PA sale
For $5.46M s 5.6% Cap Rate in Columbia Horvath & Tremblay sells MDRed Lobster
H
ware County PA. Currently Swiss Farms is undergoing structural renovations. The property is situated in the heart of a half-mile stretch containing various local retail uses. Beacon Commercial Real Estate's Gene McHale and Colin McHale represented Coulter Building Company, a Pennsylvania General Part- nership, the buyer in the Transaction. Mark Taylor, of Marcus & Millichap represented GLCC Associ- ates, L.P., the Seller in the transaction.
AVERTOWN PA — Beacon Commer- cial Real Estate
announc ed the sale of 8 0 0 - 8 4 0 North Eagle Rd. a/k/a 629 Eag l e Rd . , Havertown. 8 0 0 - 8 4 0
Red Lobster
$5,462,286, a 5.6% cap rate. Red Lobster operates under a NNN lease with over 21 years of base term remain- ing. Attractive 2% annual rental increases are scheduled throughout the lease term and in the four, 5-year renewal options.
COLUMBIA, MD — Kyle Danielson, BobHorvath and Todd Tremblay of Horvath &Tremblay have successfully completed the sale of Red Lob- ster in Columbia. Horvath & Tremblay procured the buyer in the transaction to close the property at a sale price of
North Eagle R o a d f e a - t u r e s t w o well known regional ten- ants, Swiss F a r m s & Tony Roni’s, located on a hard corner in a densely popu l a t ed , affluent community in Dela- Gene McHale Colin McHale Vantage RES represents Goodwill Inds. MARLTON, NJ — Van- tage Real Estate Services (Vantage RES) announced Shaw, COO of Goodwill In- dustries of Southern NJ and Philadelphia, to secure a long- term lease of a large, modern store that will accommodate Goodwill’s growing demand in the region. The new store relocates Goodwill’s current location in Audubon to Audu- bon Crossings, a 388,465 s/f Shopping Center located on the Black Horse Pike (Hwy. 168) in Camden County, NJ. A high population density and excellent tenant mix define this center. Tenants include Walmart, Marshall's, Ross, Sonic, Avenue, Shoe Dept., Rainbow, Payless, Kid City, Monsters Pets, Pep Boys and many others. The new store is 15,000 s/f; more than twice the size of the former store and includes a donation center, which allows customers to drop off donated goods in a convenient setting. A high volume of sales and a growing demand for a more modern facility necessitated the need for a larger facility. Leor Hemo a s u c c e s s - f u l l a r g e - scale lease. Leor Hemo , f o u n d i n g p r i n c i p a l of Vantage RES, worked closely with M i c h a e l
800-840 North Eagle Road
ICSC PA/NJ/DE Conference 9/5 - 9/6/18 Special pullout issue for 8/25
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