BET Investments bought the Abington Shopping Center and a local student housing complex as part of a recent round of $150 million in acquisitions.
Low interest rates have served as one of the big driver of the acquisitions.
In additions to the local buys, the Horsham, Pa real estate company that was formed by Bruce E. Toll, also made out-of-state purchases as it expands its geographic footprint. It bought a student housing project in Tampa, FL and an apartment property in northern Virginia.
Horsham, Pennsylvania (September 12, 2014). BET Investments, Inc., a commercial real estate company owned by Bruce E. Toll, is pleased to announce that it acquired the Abington Shopping Center located in Abington, Pennsylvania.
The Abington Shopping Center is one of the most well located shopping centers in Abington, Pennsylvania with excellent access and visibility from Route 611 (Old York Road) and London Road. The property contains 75,000 square feet of space and is anchored a variety of national tenants and sits directly across form a Target Store and a TJ Maxx. The population in a 5-mile radius of the property includes over 317,000 people with an average household income of $83,465 per year.
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