PHILADELPHIA-BET Investments of Horsham, PA has purchased a shopping center at Welsh Road and Roosevelt Boulevard here for $10.4 million.
The property that totals a little more than 54,000 square feet was sold by Korman Properties and is fully occupied by Retro Fitness, according to the Philadelphia Business Journal. Kevin McClernon of CBRE Inc. arranged the transaction on the retail center that was built in 1965.
“It's a really good location and a prime piece of real estate for the future,” says Michael Markman, president of BET Investments. See story in the Philadelphia Business Journal.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
