Equity Retail Brokers Closes Single Tenant Net Lease Sale of Citizens Bank in Northwest Philadelphia, PA amidst the COVID-19 Pandemic

Equity Retail Brokers Closes Single Tenant Net Lease Sale of Citizens Bank in Northwest Philadelphia, PA amidst the COVID-19 Pandemic

Plymouth Meeting, PA, July 14, 2020 – Equity Retail Brokers recently closed a single tenant net lease sale of a Citizens Bank in the Mount Airy neighborhood of Philadelphia, PA. David Laiter and Ed Ginn represented the Seller in this transaction. The Purchaser is a local businessman and investor in the Philadelphia area.

Despite the impact that the COVID-19 pandemic has had on the commercial real estate market, Equity Retail Brokers was able to procure an off-market Buyer, and never needed to market the property publicly. The agents at Equity Retail Brokers were able to use their long-term relationships to procure a reliable Buyer at a competitive price.

Equity Retail Brokers is the Mid-Atlantic region’s preeminent bank brokerage firm. The company represents four national banks in the disposition of closed branches and has multiple listings from independent and institutional owners. Equity Retail Brokers has several vacant and active bank listings throughout PA, NJ, & DE.

If you would like more information about this transaction, available properties, or investment sales services, please contact David Laiter at 484.482.2550, dlaiter@equityretailbrokers.com.

 

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July 14, 2020