Home / News /

David Laiter and Ed Ginn Represent Seller in Sale of Net Lease Bank of America in Media, PA

David Laiter and Ed Ginn Represent Seller in Sale of Net Lease Bank of America in Media, PA

Plymouth Meeting, PA, May 7, 2021 – David Laiter and Ed Ginn of Equity Retail Brokers recently represented the seller in the sale of an active, net lease Bank of America branch in the bustling downtown Borough of Media, Delaware County, PA.The property is located on the corner of W. Baltimore Ave & Olive St. in the heart of Media Borough. Located in the County Seat of Delaware County, this property benefits from strong demographics and ample vehicular and pedestrian traffic. This property is easily accessible to I-476, Route 1, & Baltimore Pike. Additionally, there are numerous public transportation routes running throughout the Borough.

Despite coinciding with the COVID-19 pandemic, Laiter and Ginn were able to utilize their connections and marketing platform to produce an offer that was acceptable to the seller. In conversations with prospects, hey were able to emphasize the property’s excellent location, proven track record, the quality of the tenant, and the above-average deposits in order to generate numerous offers for ownership to consider.

With $102.98 Billion in sales and a market cap of $313.5 Billion, Bank of America (BoA) is the 6th largest American publicly traded company and the 13th largest company in the world. With over 4,600 banking centers and nearly 16,000 ATMs worldwide, BoA is the 2nd largest banking institution in the United States and the 8th largest in the world. BoA has a strong global presence with locations in all 50 states, the District of Columbia, and 40 other countries. In 2018, BoA was named the “World’s Best Bank” by the Euromoney Institutional Investor in their 2018 Awards for Excellence.

Equity Retail Brokers’ Investment Sales division has a national network of buyers and sellers for a variety of property types, from single-tenant NNN properties to power centers. For over 25 years, Equity Retail Brokers has been set aside from any brokerage, by having a laser focus in providing our clients with the highest price for their asset at the lowest transaction cost. While we strive to meet a client’s financial goals, we also pride ourselves on our client-broker relationships that extend past the closing table.

If you would like more information about this transaction or our investment sales services, please contact David Laiter at 484.482.2550 or dlaiter@equityretailbrokers.com.

 # # #

About Equity Retail Brokers
Equity Retail Brokers offers expert retail tenant representation, investment sales, leasing, and asset management services to retailers, owners, developers, and landlords. Based in Plymouth Meeting, PA, the brokerage company specializes in the Pennsylvania, New Jersey and Delaware market. Equity Retail Brokers also serves clients across North America as a member of the Retail Brokers Network, the Capital Markets Real Estate Network, and the International Council of Shopping Centers.