Binswanger/CBB Arranges Sale of Yorktown Inn in Cheltenham Township, PA.Business Editors KING OF PRUSSIA King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa.--(BUSINESS WIRE)--June 6, 2002 On behalf of the seller, Binswanger/CBB negotiated the sale of 40,000 square feet on 7 acres to the Highland Development Group, Ltd. The property is located at Old York and Church Roads in Cheltenham Township, Elkins Park, Pennsylvania Elkins Park is an unincorporated community, portions of which are located in both Cheltenham Township and Abington Township in the suburbs of Philadelphia, Pennsylvania (roughly 9.4 miles from Center City, Philadelphia, a 20 minute ride). . Sale price was $3,000,000. At present, the property comprises 26 retail shops, the historic Yorktown Inn restaurant and the former Elkins Park Post Office. The Highland Development Group plans to tastefully transform the property into a colonial-style neighborhood shopping village. Walgreens, the national retail pharmacy chain, will serve as the anchor tenant for the revitalized shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into . The Yorktown Inn currently remains in operation, however, future plans for the restaurant have yet to be determined. Headquartered in Philadelphia, PA, Binswanger/CBB is a member of Chesterton Blumenauer Binswanger, an international, full-service real estate organization with over 160 offices worldwide throughout the U.S.A., Canada, Mexico and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , the U.K. and Europe, the Middle East, the Far East, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. and Australia. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion