Metro Commercial Arranges Sale of 2 Office Depots to Sixth Avenue Electronics
Sixth Avenue Electronics to Open in Deptford, NJ and Langhorne, PA
PHILADELPHIA, PA - May 18, 2010 - (RealEstateRama) — Metro Commercial Real Estate, Inc., the region’s premier full-service retail real estate company, has brokered the sale of two former Office Depot stores to Sixth Avenue Electronics.
The New Jersey property sold for $3.3 million, and is located across from the Deptford Mall. Co-tenants include Toys R Us, Dick’s and K&G. In Pennsylvania, the former 25,000 square foot Office Depot at 2365 East Lincoln Highway sold for $2.7 million and is situated across from the Oxford Valley Mall in Langhorne, PA in the super-regional Oxford Valley shopping area.
Metro Commercial’s Rob Cooper represented the Office Depot in the transactions, and R.J. Brunelli represented Sixth Avenue Electronics in the two sale transactions.
“Sixth Avenue Electronics has steadily expanded its presence in the greater Philadelphia area, adding additional stores in Pennsylvania, New Jersey, and Delaware as part of the highly competitive home electronics retailing landscape, in part, to fill the void left by Circuit City’s demise,” said Cooper.
About Metro Commercial
Metro Commercial (www.metrocommercial.com) is one of the largest full-service retail real estate firms in the region with transaction considerations exceeding $1.1 billion. Metro Commercial specializes in retail tenant representation, shopping center leasing, property management, and investment property sales. With 2 offices located in Pennsylvania and New Jersey, Metro Commercial currently represents nearly 50 national retailers and serves as the exclusive leasing agent for more than 200 properties, totaling nearly 20 million square feet.
Contact:
Amy Orons
Metro Commercial Real Estate, Inc.
856-866-1900 (office)
609-405-3350 (cell)
Related posts:
- Metro Commercial Inks Multiple Dollar Tree Deals throughout New Jersey and Southeastern PA
Conshohocken, PA - April 9, 2010 - (RealEstateRama) -- Metro Commercial, the region’s largest full-service retail real estate firm, announced today that it has brokered 11 leases totaling over 120,000 square feet, in Southeastern Pennsylvania and New Jersey. These lease transactions come on the heels of a 10,000 square foot lease in Ventnor Plaza in Ventnor, NJ, and a 10,000...
- Lee & Associates Closes $6.5 Million Office Sale in Crescent Corporate Center
ANAHEIM, CA - August 11, 2010 - (RealEstateRama) -- August 11, 2010—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $6.5 million sale transaction for a 39,747-square-foot office building in Crescent Corporate Center. The property sits on four acres and is located at 525 N. Muller St. in Anaheim...
- Foreclosure and Short Sale Discounts Weigh Down Metro Area Median Prices
WASHINGTON, DC - May 12, 2009 - (RealEstateRama) — First-time home buyers responding to improved affordability conditions, and lower prices of foreclosures and short sales, impacted metropolitan area median home prices in the first quarter, while existing-home sales remained sluggish in many parts of the country, according to the latest survey by the National Association of Realtors®...
- Charles Dunn Co. Closes 10,000-Square-Foot Industrial Sale
Los Angeles, CA - September 1, 2010 - (RealEstateRama) -- George Russell of Charles Dunn Company’s West Los Angeles office negotiated the sale transaction of a 10,000-square-foot industrial property at 4521-25 W. Jefferson Blvd. in Los Angeles...
- Housing Remains Highly Affordable for Sixth Consecutive Quarter
WASHINGTON, D.C. - August 19, 2010 - (RealEstateRama) -- Bolstered by favorable interest rates and low house prices, housing affordability remained near its highest level nationwide for the sixth consecutive month since the series was first compiled nearly two decades ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) released today.The HOI indicated that 72.3...
Comments
No comments yet.
Leave a comment