Completed in 2000, Ashbridge Square comprises five buildings spread across a 49-acre site. Anchored by Home Depot, the retail center was 88 percent leased at the time of the sale. Nathanson said in prepared remarks that the center’s tenant roster includes new leases with Dollar Tree, Staples, Ashley Furniture and Chick-fil-A, among others.
IPA recently brokered another transaction in Pennsylvania. Prasavi Inc. acquired a 410,432-square-foot shopping center, for $66.5 million. The brokerage procured the buyer and negotiated on behalf of the seller, Cedar Realty Trust.
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