Benbrooke Sells Franklin Marketplace in Philadelphia for $25.8 Million

Tenants at Franklin Marketplace include Kaplan, Big Lots and Dollar Tree. Tenants at Franklin Marketplace include Kaplan, Big Lots and Dollar Tree.

Philadelphia — Benbrooke has sold Franklin Marketplace, a 223,434-square-foot retail power center located in northeastern Philadelphia, for $25.8 million.

PAG Investments acquired the asset free and clear of existing debt. The center was 88.6 percent leased to tenants including Kaplan, Big Lots, Dollar Tree, Retro Fitness, Harbor Freight Tools and Citizens Bank. Chris Munley, Jose Cruz, Kevin O’Hearn and Michael DiCosimo of HFF represented the seller in the transaction.

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