NEW YORK--(BUSINESS WIRE)-- Rockwood Real Estate Advisors, a full service real estate investment banking firm, has announced that it has been retained on an exclusive basis to market the sale of Swedesford Plaza, a premier grocery anchored shopping center in Berwyn, Pennsylvania. Thomas Dobrowski, Managing Director in Rockwood’s New York office will be handling the assignment on behalf of the seller.
Swedesford Plaza (the "Property"), is a 147,115 square foot Pathmark and HH Gregg anchored dominant shopping center. The Property’s location is truly unmatched, as it is situated in the affluent Philadelphia Main Line suburb of Berwyn in Chester County, PA. The Property benefits from a number of distinct and unique advantages including: (i) 84,000 vehicles per day traffic count along US Highway 202, the primary artery servicing the area; (ii) $120,000 average household incomes in the five mile trade area, increasing to $150,000 in the one mile trade area; (iii) Infill location with significant barriers to entry, in the shadow of King of Prussia Mall, the largest shopping mall on the East Coast; and (iv) 97% occupancy with less than 13% of tenants rolling in the next three years.
According to Thomas Dobrowski, “Swedesford Plaza offers investors a rare opportunity to purchase a grocery anchored shopping center in one of the strongest sub-markets in the Philadelphia Metro.” Dobrowski notes, “Institutional offerings of this nature are few and far between within this market, especially for assets with such close proximity to King of Prussia Mall.” Rockwood expects the offering to appeal to a broad range of national and regional real estate companies.
About Rockwood Real Estate Advisors
Rockwood Real Estate Advisors is a full-service real estate investment banking firm offering a broad range of financial advisory and transactional services and business solutions for clients in the commercial real estate industry. The firm completed over 100 transactions in the 3rd and 4th quarters of 2011 and is expecting to complete $4 billion - $5 billion in debt, equity and sales transactions in 2012. Headquartered in New York, Rockwood has offices throughout the country and is a subsidiary of CW Financial Services. For additional information, please visit www.rockwoodrea.com.
Rockwood Real Estate Advisors
Thomas Dobrowski, 212-871-7725
Source: Rockwood Real Estate Advisors