{"id":1004231672,"date":"2018-05-25T02:53:40","date_gmt":"2018-05-25T10:53:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004231672"},"modified":"2022-12-08T10:20:45","modified_gmt":"2022-12-08T18:20:45","slug":"colliers-brokers-sale-of-2-pa-retail-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/colliers-brokers-sale-of-2-pa-retail-assets\/","title":{"rendered":"Colliers Brokers Sale of 2 PA Retail Assets"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004231674\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004231674\" data-attachment-id=\"1004231674\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/colliers-brokers-sale-of-2-pa-retail-assets\/1026-arch-st-in-philadelphia\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg\" data-orig-size=\"2853,2144\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1026 Arch St. in Philadelphia\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1026 Arch St. in Philadelphia&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg?w=1024\" class=\"wp-image-1004231674 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg\" alt=\"The property at 1026 Arch St., Philadelphia\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg 2853w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg?resize=1024,770 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg?resize=1536,1154 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg?resize=2048,1539 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg?resize=150,113 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg?resize=696,523 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg?resize=1068,803 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg?resize=1920,1443 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg?resize=559,420 559w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg?resize=80,60 80w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/1026-Arch-St.-in-Philadelphia-e1527086528148.jpg?resize=265,198 265w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004231674\" class=\"wp-caption-text\">The property at 1026 Arch St., Philadelphia<\/p><\/div>\n<p>Alfred and Nancy Cappelli have sold two retail properties in Pennsylvania for $6.8 million. Colliers facilitated both transactions. A private investor purchased one of the assets\u2014a three-story historic building in Philadelphia\u2014for $3.3 million. In the second deal, the Cappelli\u2019s acquired a Pittsburgh-area gas station\/convenience center through a 1031 exchange.<\/p>\n<p>Located at 1026 Arch St., the first property is in the Chinatown neighborhood of central Philadelphia. The site is in close proximity to Pennsylvania Convention Center, Philadelphia City Hall, numerous museums, shops and metro stations. The building encompasses 9,000 square feet and currently houses two tenants: Action Wellness on the ground floor and a private office lender on the second floor.<\/p>\n<div id=\"attachment_1004231676\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/5554-Steubenville-Pike-McKees-Rocks-Pa..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004231676\" data-attachment-id=\"1004231676\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/colliers-brokers-sale-of-2-pa-retail-assets\/5554-steubenville-pike-mckees-rocks-pa\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/5554-Steubenville-Pike-McKees-Rocks-Pa.-e1527086653566.jpg\" data-orig-size=\"1021,765\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"5554 Steubenville Pike, McKees Rocks, Pa.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;5554 Steubenville Pike, McKees Rocks, Pa.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/5554-Steubenville-Pike-McKees-Rocks-Pa.-e1527086653566.jpg?w=1021\" class=\"wp-image-1004231676 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/5554-Steubenville-Pike-McKees-Rocks-Pa.-e1527086653566.jpg\" alt=\"The property at 5554 Steubenville Pike, McKees Rocks, Pa.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/5554-Steubenville-Pike-McKees-Rocks-Pa.-e1527086653566.jpg 1021w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/5554-Steubenville-Pike-McKees-Rocks-Pa.-e1527086653566.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/5554-Steubenville-Pike-McKees-Rocks-Pa.-e1527086653566.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004231676\" class=\"wp-caption-text\">The property at 5554 Steubenville Pike, McKees Rocks, Pa.<\/p><\/div>\n<p>Situated at 5554 Steubenville Pike in McKees Rocks, Pa., the other asset is along Route 60, between interstates 376 and 79. Downtown Pittsburgh is within a 20-minute ride of the roughly three-acre parcel. Sheetz, a regional retailer of convenience stores\/gas stations, has occupied the property for the last two decades and will remain on-site as a tenant under the new ownership.<\/p>\n<p>In February, Colliers also arranged the <a href=\"https:\/\/www.commercialsearch.com\/news\/colliers-secures-indianapolis-retail-center-sale\/\">sale of a 9,222-square-foot retail center in Indianapolis<\/a>. At the time of the transaction, the property had 1,400 square feet of available leasing space.<\/p>\n<p><em>Images courtesy of Colliers International<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The properties\u2014a 9,000-square-foot, three-story historic office and retail building and a gas station\/convenience center\u2014traded for a combined $6.8 million.<\/p>\n","protected":false},"author":739,"featured_media":1004506081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,10,1494,1602,21749],"tags":[32763],"class_list":["post-1004231672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-northeast","category-philadelphia","category-pittsburgh","category-retail","tag-colliers-international"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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