The fully leased Bensalem Shopping Center has been sold to a local private investor for $20.5 million, or $188 per square foot, according to industry sources. An entity affiliated with the Popli family acquired the 109,057-square-foot property from Philadelphia-based Empire Realty Investments Inc. The grocery-anchored center, located at 1903 Street Road, sits on a 9-acre site at the intersection of Street Road and Hulmeville Road, near Bensalem Township Country Club and Cecelia Snyder Middle School, 15 miles north of Center City Philadelphia. Built in 1972, the shopping center is anchored by grocery chain Patel Brothers and includes tenants such as Dollar General, Advance Auto Parts, and Unlimited PCS.

*Article courtesy of Philadelphia Business Journal

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