Here is a roundup of middle-market transactions and other activities around Pennsylvania in recent weeks.
Sales
WHITEHALL, PA—PH Retail, an affiliate of leading-edge real estate company Post Brothers, sold 2610 MacArthur Road, a 4,815-square-foot retail property in Whitehall, PA. The freestanding building, situated on an outparcel of MacArthur Towne Center — home to national retailers Walmart, Sam's Club, Dick's Sporting Goods and Lowe's – is now occupied by Chick-Fil-A in a triple-net lease. PH Retail originally acquired the property in February 2015 after it had fallen into disrepair following the departure of a prior restaurant. Recognizing the site's prime location nearby major thoroughfares and retail centers, the company quickly secured Chick-Fil-A as its new tenant following the acquisition. PH Retail led the subsequent demolition of the existing structure, in addition to securing approvals for the development of the new freestanding Chick-Fil-A structure.
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