Equity Retail Brokers Represents Owner in Sale of Vacant Bank Branch in Reading, PA

Equity Retail Brokers Represents Owner in Sale of Vacant Bank Branch in Reading, PA

Plymouth Meeting, PA, September 23, 2020 – Equity Retail Brokers recently brokered the sale of a vacant bank branch on the outskirts of Reading, PA. David Laiter represented the owner in the sale to a local developer, who is planning to lease the property to a quick-service restaurant.

Although the buyer was procured prior to the COVID-19 pandemic, the due diligence period coincided with the heat of the pandemic, resulting in significant hurdles. Despite these hurdles, David was able to keep the deal moving. Thanks to the efforts of both the buyer and seller and their respective teams, the property closed two months ahead of schedule. David maximized his and Equity Retail Brokers’ connections and marketing platforms to procure multiple offers during difficult times. The buyer was ultimately generated from David’s networking and communication abilities.

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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September 23, 2020