March 8, 2017 - [Philadelphia, PA] – Colliers International arranged the sale of a multi-building, 5.5 acre retail parcel located at 5202 Baltimore Pike, Delaware County, Springfield PA, aka “The Golden Mile” for $7.425M.
The property, situated on a signalized corner at Baltimore Pike and Oak Avenue, was sold to BET Investments by Burlington Stores, Inc. The site will be redeveloped for retail uses.
The Colliers retail team of Todd Sussman and Josh Goldfine represented Burlington Stores; and Colliers’ Rich Weitzman represented BET Investments.
About Burlington Stores, Inc.
Burlington Stores, Inc. is a national off-price retailer offering style for less at up to 65 percent off department store prices every day. Departments include ladies’ dresses, suits, sportswear, juniors, accessories, menswear, family footwear and children’s clothing. It also includes an assortment of furniture and accessories for baby at Baby Depot, home décor and gifts, along with the largest selection of coats in the nation for the entire family. Burlington has 546 stores in 45 States and Puerto Rico.
About BET Investments
BET Investments owns, manages, develops, and leases mid-rise office buildings, office parks, retail complexes, apartment buildings, and flex office/industrial space throughout the United States. The company’s portfolio has grown to more than 5 million square feet. Integral to BET Investments' success is the "hands-on" involvement of the principals Bruce E. Toll and Michael P. Markman and a core group of professionals with complementary skills in real estate acquisitions, development, property management, finance and law.