Press ESC to Close

Fairless Hills Shopping Center Sold for Nearly $10 Million

·

By

Tom Sofield

The Fairless Hills Shopping Center on Lincoln Highway in Falls Township was sold this week.

The Fairless Hills Shopping Center Credit: Google Maps
The Fairless Hills Shopping Center
Credit: Google Maps

The Klein Group of Florham Park, N.J. bought the property for $9.5 million or $50.13 per a square foot. The shopping center, which features a Pathmark and Retro Fitness among other businesses, is just over 189,000-square feet.

Advertisements


CBRE represented seller Earle W. Kazis Associates, Inc., a real estate holding company based in New York City.

“Fairless Hills Shopping Center has tremendous upside in enhancing the aesthetics as well as the tenancy given the location in the second largest retail submarket in the Philadelphia suburbs,” CBRE’s Brad Nathanson said.

Pathmark is the shopping center’s largest tenant and has been in its location since 1994.

Tom Sofield

Tom Sofield

Tom Sofield has covered news in Bucks County for 16 years for both newspaper and online publications. Tom’s reporting has appeared locally, nationally, and internationally across several mediums. He is proud to report on news in the county where he lives and to have created a reliable publication that the community deserves.