Sep 29, 2015 | news, Retail
MIDDLETOWN >> It’s coming — the Promenade at Granite Run, the official name of the upscale town centerto be developed on the site of Granite Run Mall, awaiting the wrecking ball in early November.
At council’s Monday meeting, mall owner/developer Michael Markman, president of Horsham-based BET Investments, presented a timeline for the estimated $20 million mixed-use project on 58-acres that includes retail, restaurant, entertainment and residential components.
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Feb 10, 2015 | news, Retail
MIDDLETOWN >> Demolition of the distressed Granite Run Mall — except for the Boscov’s and Sears anchor stores — could begin in the fall, according to attorney Joseph Riper, representing BET Investments.
The Horsham-based firm intends redeveloping the mall site as an upscale town center with residential, retail, restaurant and entertainment components.
Postponed twice, a status report on the proposed project was presented to council at its Feb. 9 meeting by Riper and BET President Michael Markman. It drew no negative comments.
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Jan 9, 2015 | news, Retail
MIDDLETOWN: 1/9/2015 >> JC Penney has announced its Granite Run Mall store will close in April, along with 39 other stores nationwide.
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Dec 19, 2014 | news
Horsham, Pennsylvania (December 19, 2014). BET Investments, Inc., a commercial real estate company owned by Bruce E. Toll, is pleased to announce that on December 15, 2014 it broke ground on a long anticipated mixed use project in Dresher, Pennsylvania. The site contains a total of 9 acres, with frontage on Susquehanna Road and Limekiln Pike. The approved plan calls for a CVS drug store, a Chipotle restaurant and additional retail or restaurant space, twenty four (24) rental townhouses and a small office building that incorporates the existing Clime house on the property.
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Oct 28, 2014 | news, Retail
MIDDLETOWN >> A revised conceptual plan for a dramatic, estimated $100 million rebirth of the distressed Granite Mall shows an additional 319,000 square feet of new space will be added to proposed retail/residential use to create an upscale, outdoor “town center” atmosphere.
Michael Markman, president of BET Investments and mall owner/developer along with Bruce Toll, said that with greater symmetry than the previous design, the new layout is more visually attractive.
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Sep 26, 2014 | news
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.
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Sep 12, 2014 | news, Retail
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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Sep 11, 2014 | news
September, 11, 2014 – Like the Eagles on opening day, Philadelphia is the Comeback Kid. It’s why we’re pumped up about the all-star roster of speakers who will talk about the region’s resurgence at our fourth annual Philadelphia State of the Market at the Sheraton on Logan Square Sept. 24.<< READ MORE >>
Aug 29, 2014 | news, Residential
Horsham, Pennsylvania (August 29th, 2014).
BET Investments is pleased to announce that on August 29th, 2014 it acquired The Flats at 4200 in Tampa Florida.
The Flats at 4200 is the premier student housing community serving University of South Florida (USF) and its 41,311 students. The Flats enjoys the dominant location in the market along the north side of East Fletcher directly across the street from the entrance to campus. Residents are a short walk from classes, the Marshall Student Center, the medical campus, as well as restaurants and nightlife. This irreplaceable location allows residents to walk to the main areas of academic and social activities.
BET Investments is fully integrated real estate development, leasing and management company that was founded by Bruce E. Toll and owns more than 6 million square feet of commercial property and over 2,000 apartment units in 12 states.
Aug 15, 2014 | news, Residential
Horsham, Pennsylvania (August 15th, 2014).
BET Investments is pleased to announce that on August 15th, 2014 it acquired West Chester Commons in West Chester Pennsylvania. It will be renamed The Edge at West Chester.
This 128 unit, 459 bed student housing facility has an irreplaceable prime location adjacent to West Chester University, which provides students convenient pedestrian access to class without the hassles of parking. West Chester Commons has operated at 100% occupancy since it was developed in 2004 and is currently 100% pre-leased for the 2014-2015 academic year. West Chester Commons is the only off-campus, purpose-built student housing property at West Chester University.
Jun 30, 2014 | news, Residential
Horsham, Pennsylvania (June 30, 2014).
BET Investments is pleased to announce that on June 30, 2014 it acquired Ave Dulles in Herndon Virginia. The property will be renamed The Mark at Dulles Station.
The property is a sophisticated urban community located in the Dulles Tech Corridor that contains 169units that were originally built to condominium specifications that include 311 covered parking spaces in a spacious parking deck. (more…)
Sep 13, 2013 | news, Retail
Horsham, Pennsylvania (September 13, 2013). BET Investments, Inc., a commercial real estate company owned by Bruce E. Toll, is pleased to announce that on September 13, 2013 it acquired the former Waterloo Gardens property located at 200 North Whitford Road with acreage on West Lincoln Highway in Exton, Pennsylvania.
The former Waterloo Gardens contains a total of 48 acres, with 6 acres on West Lincoln Highway (Route 30) and 42 acres on Whitford Road. The property also sits adjacent to Bruce Toll’s newly constructed Robert’s Chevrolet. Roberts Chevrolet was recently relocated to 421 West Lincoln Highway to facilitate the expansion and renovation of Roberts Honda and Roberts Subaru in the Downingtown location.
“BET intends to develop this property with a mix of uses that are complimentary to the surrounding properties,” said Michael P. Markman, President of BET Investments. “We see this well situated Chester County location as an excellent opportunity to develop and implement our strategy of building and redeveloping mixed use projects in the Philadelphia metropolitan area.”
Sep 11, 2013 | news, Retail
Horsham, Pennsylvania (September 11, 2013). BET Investments, Inc., a commercial real estate company owned by Bruce E. Toll, is pleased to announce that on September 9, 2013 it acquired the Bucks Crossing Shopping Center located in Feasterville, Pennsylvania.
Bucks Crossing is an outstanding grocery anchored neighborhood shopping center with excellent access and visibility from Street Road that contains 131,035 square feet of space. The property is anchored by a 70,000 square foot Acme Supermarket and includes TJ Maxx, Petco, Wells Fargo Bank, Five Guys Burgers and Saladworks. (more…)
Apr 2, 2013 | news, Residential
Horsham, Pennsylvania (April 2, 2013). BET Investments, Inc., a commercial real estate company owned by Bruce E. Toll, is pleased to announce that on April 1, 2013, its’ affiliated company acquired Lincoln Woods Apartments located at 9801 Germantown Pike, Lafayette Hill, PA.
At closing, the 216 unit apartment community was 98% leased. The property is located in Montgomery County just across the street from Fairmount Park and Chestnut Hill College, with easy access to the Pennsylvania Turnpike, the Schuylkill Expressway and the Blue Route. The average unit size is 774 square feet. Buildings are of wood frame construction with concrete and masonry foundation systems. Each apartment has its own separate entrance. Common area amenities include a clubhouse, a fitness facility and a swimming pool. (more…)
Dec 12, 2012 | news, Residential
BET Investments Inc. Closed this week on two apartment properties and has now spent more than $80 million since September bolstering its multifamily holdings throughout the region.
The private company isn’t done, either. BET plans to spend between $100 million and $150 million buying apartment properties annually for the next three or four years. Its goal is to acquire up to 1,000 rental units a year.
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