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Monday, March 16, 2009
Basil site in Paoli to become a credit union

Citadel Federal Credit Union has paid $2,995,000 for the property at 522 King Rd. in Paoli that until last summer housed Basil restaurant.

Binswanger, the real estate company, said the sellers, a partnership between Martin Grims and Scott Morrison, "plan to focus their brand in alternative markets." Grims' holdings include Tango, Nectar, the Moshulu, and Du Jour Market, and he's developing a restaurant at Two Commerce Square.

Citadel will occupy the space at the end of the year, says Binswanger.

Posted by Michael Klein @ 11:43 AM  Permalink | File Under: TableTalk | Post a comment
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About Michael Klein
Michael Klein chronicles local people, places and things (in easy-to-digest portions) three days a week in his Inquirer column "INQlings." He also covers the restaurant scene in his Thursday Food column, "Table Talk." See his work at http://www.philly.com/inquirer/columnists/michael_klein.
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