Conshohocken, PA, January 10, 2014 – Edward Ginn of Equity CRE recently represented Alliance bank in the sale/leaseback of a freestanding bank building in Springfield, Pennsylvania. The buyer, a regional investor, was represented by David Ruffini of Beacon Commercial.
The building is approximately 6,250 square feet and situated on Saxer Avenue in Delaware County, Pennsylvania.
Alliance Bank is a community based financial institution in its 76th year of continuous operation serving the Philadelphia Metropolitan area through eight full service offices. The Bank is headquartered at 541 Lawrence Road in Broomall and regularly receives top ratings for financial strength. Branch offices are located in Secane, Newtown Square, Lansdowne, Havertown, Springfield, Concordville and Frazer. Alliance Bank is a wholly owned subsidiary of Alliance Bancorp, Inc. of Pennsylvania, a public company traded on the NASDAQ Global Market under the symbol “ALLB.”
Equity CRE Investment Sales Team delivers the highest price for the asset at the lowest transaction cost. Learn what our team can do for you!
If you would like more information about this transaction or our investment sales services, please contact Ed Ginn, 484.417.2201, eginn@equitycre.com.
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