A fully occupied shopping center in Phoenixville has sold for $7.35 million, according to Chester County property records. The 33,093-square-foot retail property is located at 785 Starr Street.

The center features a diverse tenant mix, including Labcorp, NovaCare Rehabilitation, State Farm, and Benchmark Federal Credit Union. Additional tenants include Habitat for Humanity and Fresenius Kidney Care.

Starr Street Partners, a Pennsylvania-based private investor, sold the property to 785 Starr Street LLC. The buyer is associated with a residential address in Glen Mills.

Built in 2007, the shopping center sits on approximately 3.8 acres. Importantly, the property is located less than one mile from Phoenixville Hospital and downtown Phoenixville.

Additionally, the center benefits from a strong retail setting. The property is shadow-anchored by a nearby Acme supermarket. While Acme was not included in the sale, surrounding tenants benefit from grocery-driven traffic.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.