ROCK Commercial Real Estate Represents BB&T in Second Disposition
July 03, 2018
Transaction Represents ROCK’s Second BB&T Building Disposition in Last Six MonthsROCK Commercial Real Estate, an industry leader in South Central Pennsylvania, announced today that it has arranged the sale of 402 East Penn Avenue, a 2,700-square-foot professional office building located in Robesonia, PA. Tuxley, LLC acquired the building for $250,000, or $83.33 per square foot.
The seller, BB&T Bank, was represented by Heather Kreiger of ROCK Commercial Real Estate. ROCK also represented BB&T in the December 2017 disposition of 1191 Eichelberger Street in Hanover, PA, and currently has BB&T’s Glen Rock location at 57-59 Main Street listed for sale.
“The building located at 402 East Penn Avenue in Robesonia was purchased to be repositioned as a funeral home,” commented Heather Kreiger, Brokerage Advisor at ROCK Commercial. “As banks are evolving their brick and mortar strategies for future growth, opportunities become available for other market segments to repurpose these former branch locations.”
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