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.
“We are excited that we were able to acquire this in-fill, well located shopping center and increase our Philadelphia area shopping center holdings,” said Michael P. Markman, President of BET Investments. “It is very hard to develop or purchase well located grocery anchored shopping centers in the Philadelphia area where these types of properties do not change hands very often, so this acquisition was an excellent way to increase our targeted local holdings.”
BET Investments is fully integrated real estate development, leasing and management company that was founded by Bruce Toll and Michael Markman. The Company and its affiliates own and controls more than 7 million square feet of commercial property and over 3,000 apartment units in 12 states. For more information contact Michael P. Markman, President of BET Investments, Inc. at (215) 938-7115 or firstname.lastname@example.org.