Restaurant business acquires commercial property at 1420 Locust Street
Restaurant real estate acquisition | 1420 Locust Street, Philadelphia | Rittenhouse Square
TRANSACTION
Commercial property sale
BROKERAGE ROLE
Broker
SPACE
4,500 SF
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The assignment
A restaurant business acquired the 4,500-square-foot commercial property at 1420 Locust Street in Philadelphia. Located in Rittenhouse Square, the transaction brought together restaurant operations and commercial real estate ownership.
Billy's role
Billy Creagh of National Realty Commercial served as broker for the property sale. The assignment involved restaurant-related commercial real estate in the Rittenhouse Square section of Center City and forms part of his Philadelphia restaurant transaction experience.
The outcome
The $1,150,000 sale completed the restaurant business’s acquisition of the 4,500-square-foot commercial property. The transaction adds to Billy’s Philadelphia portfolio of commercial real estate purchases involving restaurant businesses.
Supporting coverage
Deal at a glance
LOCATION
1420 Locust Street, Philadelphia, PA 19102
PROPERTY TYPE
Commercial
SALE PRICE
$1,150,000
BROKER
Billy Creagh
Planning your next restaurant move?
Contact Billy Creagh of National Realty Commercial to discuss selling, buying or leasing restaurant property in Philadelphia.