Metro Commercial Arranges Sale of 2 Office Depots to Sixth Avenue Electronics
Sixth Avenue Electronics to Open in Deptford, NJ and Langhorne, PA
PHILADELPHIA, PA – May 17, 2010 – Metro Commercial Real Estate, Inc., the region’s premier full-service retail real estate company, has brokered the sale of two former Office Depot stores to Sixth Avenue Electronics.
The New Jersey property sold for $3.3 million, and is located across from the Deptford Mall. Co-tenants include Toys R Us, Dick’s and K&G. In Pennsylvania, the former 25,000 square foot Office Depot at 2365 East Lincoln Highway sold for $2.7 million and is situated across from the Oxford Valley Mall in Langhorne, PA in the super-regional Oxford Valley shopping area.
Metro Commercial’s Rob Cooper represented the Office Depot in the transactions, and R.J. Brunelli represented Sixth Avenue Electronics in the two sale transactions.
“Sixth Avenue Electronics has steadily expanded its presence in the greater Philadelphia area, adding additional stores in Pennsylvania, New Jersey, and Delaware as part of the highly competitive home electronics retailing landscape, in part, to fill the void left by Circuit City’s demise,” said Cooper.
Media Contact:
Metro Commercial Real Estate
Amy Orons
856-222-3015
aorons@metrocommercial.com
Metro Commercial Real Estate, Inc. (www.MetroCommercial.com) is one of the area’s leading brokerage firms focusing on the leasing, sale and expansion of retail properties throughout the region. Founded in 1987, Metro Commercial specializes in retail tenant representation, shopping center leasing, property management and investment property sales. With offices in both Pennsylvania and New Jersey, Metro Commercial currently serves as the exclusive leasing agent for more than 175 retail properties, totaling in excess of 20 million square feet. Metro Commercial has repeatedly been recognized as one of the “Best Places to Work” by the Philadelphia Business Journal, and is committed to client satisfaction and superior customer service.
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