November 2023

M id A tlantic Real Estate Journal — Pennsylvania — November 2023 — 11B

P ennsylvania

Nassimi Realty procures buyer for 106 Airport Rd. Neuman Commercial Group facilitates sale in Coatesville

OATESVILLE, PA — Neuman Com- mercial Group, LLC , has arranged the sale of Air- port Village, a 70,500 s/f gro- cery and drugstore anchored neighborhood retail center in Coatesville, Chester County. Constructed on 10.7 acres at 106 Airport Rd., Airport Village was 87% occupied at the time of sale, with national grocer Aldi, Dollar Tree, Rite Aid, Burger King, Verizon, US Renal Care, and accompany- ing service and food tenants. Gil Neuman of Neuman Com- mercial Group represented the seller, Nassimi Realty of New York, and procured the private buyer. The sale price was undisclosed. “Well positioned retail real estate has pivoted from its long touted “demise” to now a C

106 Airport Rd.

favored asset class,” said Gil Neuman, principal of Neuman Commercial Group. He added: “Years-long perceived nega- tivity halted most new retail development, which ironically now resulted in less available the landlord in the transaction. 29,042 s/f retail space at 399 East Penn Dr., Enola. 717 Pick- leball LLC leased space from The Giant Company LLC. Jus- tin Willits, Brad Rohrbaugh, and Chad Stine of Bennett Williams represented the ten- ant in the transaction. 13,822 s/f retail space at 204 Shoemaker Rd., Pottstown.

space for not enough new retail- ers, and a landlord’s market.” Airport Village is located along Rte. 30 / Lincoln Hwy., close to the Chester County Airport, 45 minutes’ drive from Philadelphia. MAREJ

YORK, PA — Bennett Wil- liams Commercial has ar- ranged the sale/lease of the following transactions: 31,400 s/f industrial space at 710 W Main St., New Holland. Jarrett Companies Inc. leased space from Ebersole Dedicated Services. Jeff Herr and Jef- frey Herr, Jr. of Bennett Wil- liams Commercial represented Kingdom Life Church Inc. leased space from Tri-County Business Campus LLC. Ashlee Lehman, Cale Bruso, Blake Shaffer , Rohrbaugh, and Stine of Bennett Williams represented the tenant. Jane McGill and Bill Hess of Ben- nett Williams Commercial represented the landlord in the transaction. MAREJ Bennett Williams handles 31,400 s/f lease in New Holland


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