R etail D evelopment R eimagined

M id A tlantic Real Estate Journal — Retail Development Reimagined — January 22 - February 18, 2021 — 5A


Two building portfolio sold on Bristol Pike Richardson and Ploshansky of Vantage Commercial facilitate sale of Plaza 13 in Bristol, PA B

RISTOL, PA — Van- tage Commercial an- nounced the sale of Plaza 13, a portfolio comprised of two multi-tenant industrial and retail buildings located at 200-230 Bristol Pike, Bristol. Ken Richardson , senior advisor, and Aran Ploshan- sky , director of operations at Vantage Commercial, rep- resented the seller, Everest Realty Company , with this transaction. The portfolio was listed for sale in August 2020 and sold by the end of the same year. Plaza 13 is comprised of +/- 92,592 s/f across two buildings, and is located on Bristol Pike in close proximity to I-95 and the Bristol Bridge. The center is well-known in the area for its long-time tenants Niagara Pools, Smokin’ Joes, Inc., Wa- kim’s Food Inc., among others. The property was listed for sale with Vantage Commer- cial for less than three months

Plaza 13

the property that was put on hold once Plaza 13 went under agreement. We look forward to reconnecting with all the leas- ing prospects and bringing new businesses to Bristol Pike.” Vantage Commercial an- nounced another successful retail lease, this time at Allison Shopping Center in Marlton, NJ. Monica Walsh , director of client services at Vantage Com- mercial, and Mike Gries , sales

before going under agreement. “We spoke with many inves- tors, owner-operators, and developers interested in the Bristol Pike area, and we saw strong interest in the area from local, regional, and national prospects” said Ploshansky. Nick Nazarian of Everest Realty Company said, “Work- ing with Vantage is great. We have worked with them on several assets, and they always

deliver.” The buyer, Don Metzger, of Coopersburg & Liberty Ken- worth, has retained Vantage Commercial to market the lease availabilities in Plaza 13. “Ken and his team did an out- standing job getting this deal across the line for us, we are excited about this acquisition,” Metzger said. Richardson added, “There was a lot of leasing interest in

associate worked closely with the owner, Davis Enterprises, and the Kuzbari family to en- sure the successful transaction. “Mike and the Vantage team did an all-around great job. Making everything easy for us and staying professional. They helped us find an amazing loca - tion for our restaurant, The Ol- ive Pit” offered Nazir Kuzbari. Opening of the restaurant is targeted for mid-2021. MAREJ

Brent Miller & Tonney Insley of SVN |Miller Commercial announce MISSION BBQ expansion to Salisbury, MD

SALISBURY, MD — SVN | Miller Commercial Real Es- tate Advisors , Brent Miller

and Tonney Insley an- nounced the new Sa l i s - b u r y , MD l ocat i on o f M I S S I O N BBQ . T h e r e s t aur an t wi l l be l o - cated in the S a l i s b u r y Promenade S h o p p i n g Center join- ing Barnes and Nobl e , Eyemart Ex- press, Pivot P h y s i c a l

Brent Miller

Salisbury Promenade Shopping Center

tiple methods to support the military and veterans, such as fundraisers preceding the open- ing of new locations, giving free food to veterans on their wars’ remembrance days, and hiring local veterans. Insley previously worked to bring Aldi Grocery Store to the area, and has worked with na- tional retailers, Panera Bread, McDonalds to secure locations on the Shore. In other news, Insley closed two deals in city limits of Salis-

bury. The two properties, 1523 Edgemore Ave. and 901 East- ern Shore Dr. settled in No- vember. Edgemore Ave. consisted of 5,900 s/f of office warehouse space in two separate buildings and the buyer was represented by Chris Peek of SVN. A local machining company purchased the property. 901 Eastern Shore Dr. is a va- cant lot on the corner of Eastern Shore Drive and South Blvd. The ¾ acre lot was purchased

Tonney Insley

Therapy, and Great Clips. This is the first location for MISSION BBQ on the Eastern Shore with a proposed opening in Spring 2021. MISSION BBQ utilizes mul-

by G and Brothers Roofing company and the buyer was represented by George Mer-

ritt of NAI Coastal . Currently there is no timeline in place for development of the land. MAREJ

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