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Shopping center sold for $14m
Real Estate Weekly, June 27, 2007
SOUTH WHITEHALL, PA: Marcus & Millichap Real Estate Investment Services has arranged the sale of the Dorneyville Shopping Center, a 106,843 s/f shopping center in South Whitehall. The sales price of $14.3 million represents $134 per square foot. The property sold at a cap rate of 7.41%.
Dean Zang, an associate in the Philadelphia office of Marcus & Millichap, and Mark Taylor, a senior investment associate in the firm's Philadelphia office, represented the seller, a Northern New Jersey-based family. Seth Pollack, an agent in the firm's New Jersey office, represented the buyer, SMM Realty LLC.
COPYRIGHT 2007 Hagedorn Publication
COPYRIGHT 2008 Gale, Cengage Learning
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