Tuesday, June 30, 2015

Two sales involve Aldi-anchored shopping center, Bilcare's offices

A small shopping center changes hands in Mount Laurel for more than $17 million. A Phoenixville office building goes for $12 million.

Two sales involve Aldi-anchored shopping center, Bilcare's offices

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With deal-meister Joseph N. DiStefano off today, I thought I'd make sure you got your deal fix.

From the world of commercial real estate, the Phoenixville Corporate Center was sold for $12 million.

That's a 167,531-square-foot building at 1039-1041 W. Bridge St. in Phoenixville, Montgomery County. (CORRECTION: Sorry, that's Chester County. Typing too fast.) Seller was Rosedon Holdings; buyers was CPG Acquisitions.

The lead tenant at that building is Bilcare Inc., which provides all sorts of services to pharmaceutical companies.

Also, a Mount Laurel shopping center, anchored by an Aldi grocery stores and Planet Fitness, has been sold for more than $17 million. RPC Real Estate bought Larchmont Commons at 3105-3117 Route 38 from Lightstone Group.

Fameco, the Plymouth Meeting real estate firm, announced both sales; it represented the seller in both transactions as well as the buyer in the purchase of the 126,923-square-foot Larchmont Commons.

Inquirer Columnist
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