Bryn Mawr-based Firm Crosses State Borders for $33 Million Purchase of Hartford Corners
Bryn Mawr-based Haverford Properties has purchased the nearly 215,000 square-foot Hartford Corners in Delran, New Jersey as part of a $33 million deal, writes Paul Schwedelson for the Philadelphia Business Journal.
The investment and development firm bought Hartford Corners from Kansas City, Missouri-based Principal Asset Management. The shopping center, located at Fairview Boulevard off Burlington Pike is 95 percent occupied.
The center includes ShopRite, Lowe’s, Planet Fitness, Five Guys, Virtua Health, Five Below, and more.
In addition to its new acquisition, the firm also owns a nearly 300,000 square foot office building in Haverford, and another building in Fort Washington that is being used as a Holiday Inn Express & Suites.
Elsewhere in Montgomery County, Dekalb Plaza in East Norriton was sold for $23.1 million to Elkins Park-based Abrams Realty.
Read more about the exciting new real estate developments and purchases throughout the region in the Philadelphia Business Journal.
More about Haverford, Pennsylvania.
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