The units are at the intersection of Baltimore Pike and Rte. 252 in Media, PA; Rte. 100 and Gordon Drive in Lionville, PA; 2700 Easton Road in Upper Moreland, PA, and at One North Main St. in Yardley, PA.
Rob Cooper of Mount Laurel, NJ-based Metro Commercial Real Estate Inc. negotiated the transactions for Starbucks, all with separate and unidentified owners. Cooper tells GlobeSt.com that all the leases are long-term, but declined to disclose the rental rates.
Starbucks currently operates 6,294 company-owned or licensed retail units worldwide. Of them, 4,843 are North America. Retail locations accounted for 85% of total company revenues in 2002.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
