Philadelphia based net-lease team sells 27 properties in H1 2019, totaling more than $104M

PHILADELPHIA, PA — CBRE announced that Matthew Gorman, Michael Shover, Thomas Finnegan and Robert Thompson of the Philadelphia-based arm of CBRE’s Net-Lease Properties team sold 27 properties during the first half of 2019, totaling $104,430,491.
The completed transactions, most of which are classified as “net lease”, were a mix of restaurants, convenience stores/gas stations, discount stores, veterinary clinics, fitness centers and drug stores, spanning across twelve states, including seven in Pennsylvania and five in New Jersey. 
Noteworthy transactions included the $24 million sale of a two-tenant retail condo property in Philadelphia, Pennsylvania; a national gym located in Fort Washington, Pennsylvania which traded for over $9 million; four Wawa and Sheetz gas station/convenience stores totaling more than $22.9 million; and eight discount stores (Family Dollar and Dollar General) totaling over $9.8 million. 
 

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