4
Bensalem, Pa. — Hanley Investment Group Real Estate Advisors has arranged the $12.5 million sale of Bensalem Crossings, a 67,215-square-foot shopping center located in Bensalem, roughly 19 miles north of Philadelphia. Bensalem Crossings was fully leased at the time of sale and is anchored by ShopRite and CVS, which occupies 93 percent of the shopping center. Other tenants at the property include Verizon Wireless and a T-Mobile cell phone tower.
Kevin Fryman, Bill Asher and Jeff Lefko of Hanley Investment, in association with ParaSell Inc., represented both the seller, Adler Realty Investments Inc., and the buyer, a Southern California-based private investor.