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Recent Brokerage Projects
Investment Sales
Local investors recently chose Kahn & Company
as exclusive agent in the marketing and sale of a fully leased
Office/Industrial Complex in Gladwyne at $2,500,000, and a
95% leased, 66,000 square foot shopping center in Southern
Delaware County at $3,500,000. Both properties were placed
under contract with local investors within 60 days following
the commencement of the assignment.
Gas Station Disposition
Kahn & Company was retained by the Heston
Swartley Transportation Company to dispose of its thirteen
fee-owned gasoline services stations distributed throughout
the Montgomery, Bucks, Berks and Lehigh Counties. Challenged
by sensitive environmental issues, the expanding presence
of competitive super-stations, and the difficulty of placing
financing on gas station properties, Kahn & Company was
successful in marketing and selling the majority of the sites
to automotive related businesses.
Bank Branch Disposition
Immediately following the Core States – First Union
merger, Kahn & Company was retained by a private investment
group to lease or sell 135 vacant free-standing bank sites
throughout Eastern Pennsylvania and the entire State of New
Jersey. All branches had been vacated due to bank mergers
and covered an area of over 20 counties in the two States.
Kahn & Company completed deals on 90% of the site inventory
prior to the expiration of its agency contract.
Recent Development
Projects
Kahn & Co. oversaw management and redevelopment of the
Market Square Shopping Center at Chestnut Hill, a 113,000
square foot center anchored by a newly built 48,000 square
foot Superfresh supermarket. The project involved the demolition
of a 13,000 square foot twin screen movie theatre, and 12,000
square foot pad building. The new construction totals 71,000
square feet and includes new leases to Radio Shack, Blockbuster
Video, Citizens Bank, and a variety of local retailers.
In 2001, Kahn & Co. completed the development
of a free-standing 4,800 square foot medical office building
on Bustleton Avenue in Northeast Philadelphia for the Huntingdon
Valley based Holy Redeemer Health System.
In 1999, Kahn & Co. completed the
zoning, building and land development approvals for the first
new 7-Eleven Convenience Store in the Philadelphia Region
in the previous eight years. The new 3,000 square foot prototype,
built at the intersection of Route 611 (Easton Road) and Fitzwatertown
Road in Willow Grove, PA, reflects the redefined design and
layout chosen by The Southland Corporation for their re-entry
into the active Philadelphia marketplace.
2001-2002 Summary
During the past two years, Kahn & Company
completed strong brokerage activity highlighted by deals with
Albert Einstein Health Systems, Alpine Farm, The Archdiocese
of Philadelphia, Body Dynamics Fitness Clubs, Chestnut Hill
Real Estate LP, Finnaren & Haley Paints, Lakeside Educational
Network, McDonald’s Corporation, Mellon Bank, Regency
Realty Group, Rouse Chamberlain Associates, M. Night Shyamalan,
Shop-Rite, Starbucks, Vitamin Shoppe, Wendy’s, The Young
Men’s Christian Association (Y.M.C.A.) and many local
businesses, investors and developers throughout Philadelphia
and the surrounding suburbs.
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