Conshohocken, PA, January 19, 2015 – Edward Ginn and Stuart Conston of Equity Retail Brokers recently represented the seller of a net leased Bank of America ground lease on City Avenue in Philadelphia.
The 4,387 square foot building is located directly across from Bala Cynwyd Shopping Center and affluent Lower Merion Township. The transaction completed a 1031 exchange for the buyer, a New York based owner.
Bank of America is one of the world’s largest financial institutions, providing unmatched convenience in the United States, serving approximately 50 million consumer and small business relationships with approximately 5,100 retail banking offices and approximately 16,300 ATMs and award-winning online banking with 30 million active users and more than 14 million mobile users.
If you would like more information about this transaction or our investment sales services, please contact Stuart Conston, 484.417.2205, sconston@equityretailbrokers.com.
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