Vantage Real Estate Services is thrilled to announce another successful sale in Pennsauken, NJ. The brokerage represented Lou Pellegrini of City Select Auto in the acquisition of the facility located at 5910 South Crescent Blvd, Pennsauken, NJ. The location—a 23,000 SF facility with multi-tenant capability had the perfect 1.6 acre lot. The facility is located minutes from the original location in Camden that was sold due to eminent domain. Vantage assisted City Select Auto with the business development and zoning process within the Pennsauken township which ultimately led to full approvals for the modern dealership.
Ken Richardson, Sr. Advisor and Peter Abdallah, Director of Client Services of Vantage RES, worked closely with Lou Pellegrini, Founder of City Select Auto, in addition to Eric Farhat and Haytham Ayyad, of 5910 South Crescent Blvd to create a win/win solution. Vantage represented Silwad RE Investment Corporation on the sale of their property.
“Pennsauken has welcomed City Select Auto, the dealership will become an asset to the community. They have detailed plans on the reconstruction and modernization of the current facitliy which is expected to take up to five months to complete.”, Richardson said.
“Working with Vantage was a pleasure, the buyers and sellers agenets worked diligently to overcome the hurdles to close the deal! ” Pellegrini said.
About City Select Auto: City Select Auto Sales was founded in 1973 by Lou Pellegrini at its original location on the Airport Circle in Pennsauken, NJ. City Select Auto Sales now has two locations by offering customers good service and quality inexpensive vehicles. Today, Mark and Drew Pellegrini own and operate the dealerships one being in Burlington NJ and the other in Camden. The Camden dealership will relocate to the newly acquired property.