CBRE’s Philadelphia-based team sells 24 properties in Q1 for more than $90M April 26, 2021
8:19 am
The first quarter of 2021 proved to be very successful for the Philadelphia-based arm of CBRE’s Net-Lease Properties team, comprised of Matthew Gorman, Michael Shover, Thomas Finnegan and Robert Thompson.
On April 23, CBRE announced that the team sold 24 properties during 2021’s first quarter, totaling $90,315,094.
The standout transaction was a 10-property corporate sale-leaseback of Auto Lenders owned real estate in Pennsylvania and New Jersey that traded for approximately $55 million. Other noteworthy closings completed during the first quarter included the $6.1 million sale of SAI MedPartners in Exeter Township, Pa.; a $3.6 million sale of DaVita Dialysis in Woodbridge; and the $3.9 million sale of a Pet Palace in West Chester, Ohio.