A largely vacant shopping center along Girard Avenue in Philadelphia has been sold for $10.95 million. The property contains approximately 42,000 square feet of retail space.

The property at 901 W. Girard Avenue was sold by Soloff Realty & Development Inc. The buyer was Elkins Park-based Abrams Realty & Development. Retail use is expected to be maintained at the 2.4-acre site.

The sale price equates to roughly $260 per square foot. Current tenants include AutoZone Auto Parts, The Laundry Café, and 9th and Girard Pharmacy.

The north portion of the site includes a former Bottom Dollar grocery space. The 18,000-square-foot building has remained vacant since 2015.

Abrams Realty & Development focuses primarily on retail properties in the Philadelphia region. Its portfolio exceeds 3 million square feet and includes 20 shopping centers.

The shopping center was developed in 2014 by Soloff Realty & Development and Tower Investments. The project originally featured Bottom Dollar as an anchor tenant. The store was promoted as the Ludlow neighborhood’s first grocery option.

*Article courtesy of Philadelphia Business Journal

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