Cherry Hill, NJ [January 8, 2020] – Vantage Commercial is pleased to announce the sale of Plaza 13, a portfolio comprised of two multi-tenant industrial and retail buildings located at 200-230 Bristol Pike, Bristol, Pennsylvania.
Ken Richardson, Senior Advisor, and Aran Ploshansky, Director of Operations at Vantage Commercial, represented the seller, Everest Realty Company, with this transaction. The portfolio was listed for sale in August 2020 and sold by the end of the same year.
Plaza 13 is comprised of +/- 92,592 SF across two buildings, and is located on Bristol Pike in close proximity to I-95 and the Bristol Bridge. The center is well-known in the area for its long-time tenants Niagara Pools, Smokin’ Joes, Inc., Wakim’s Food Inc., among others.
The property was listed for sale with Vantage Commercial for less than three months before going under agreement. “We spoke with many investors, owner-operators, and developers interested in the Bristol Pike area, and we saw strong interest in the area from local, regional, and national prospects” said Ploshansky.
Nick Nazarian of Everest Realty Company said, “Working with Vantage is great. We have worked with them on several assets, and they always deliver.”
The buyer, Don Metzger, of Coopersburg & Liberty Kenworth, has retained Vantage Commercial to market the lease availabilities in Plaza 13. “Ken and his team did an outstanding job getting this deal across the line for us, we are excited about this acquisition,” Metzger stated.
Richardson added, “There was a lot of leasing interest in the property that was put on hold once Plaza 13 went under agreement. We look forward to reconnecting with all the leasing prospects and bringing new businesses to Bristol Pike.”
About Coopersburg & Liberty Kenworth: Coopersburg & Liberty Kenworth truck dealerships is a multi-location, one-stop-shop destination for truck drivers. In addition to an extensive inventory of trucks and trailors, clients will find a fully-stocked parts departments, certified service technicians, and a body shop.