A high-visibility retail site in Bucks County — featuring a Wawa, a Tractor Supply Co., and nearly 12 acres of undeveloped land — has been sold for $12.17 million.

ExchangeRight, an investment firm based in Pasadena, California, purchased the Warwick Village Commons located at 1937 York Road in Jamison from Clifton, New Jersey-based Arctrust. The all-cash deal includes approximately 25,000 square feet of existing retail space across two buildings, as well as significant undeveloped land surrounding the stores that could support future expansion.

The property was originally acquired by Arctrust and Verrichia Co. of Doylestown in 2014 for $2 million from Wawa and later developed as a joint venture. Arctrust recently became the sole owner following a legal dispute with Verrichia Co., resulting in a breach of contract ruling in Arctrust’s favor in the Eastern District of Pennsylvania.

*Article courtesy of Philadelphia Business Journal

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