Plymouth Meeting, PA, January 8, 2021 – Equity CRE recently represented a prominent national bank in the sale of a vacant branch in the Holmesburg neighborhood of Philadelphia, PA. The Purchaser is a local investor who buys and develops numerous properties throughout Philadelphia and plans to redevelop this property into a laundromat.
The term of this listing coincided with the resurgence of the COVID-19 pandemic. Despite the hurdles the pandemic has thrown their way, David Laiter and Bart Delfiner were able to utilize their internal network of buyers and brokers to procure a buyer with minimal due diligence needed and the ability to close quickly before the end of the year. During difficult times, the Equity CRE agents maximized their connections and marketing platforms to generate multiple aggressive offers for ownership to consider.
Equity CRE is the Mid-Atlantic region’s preeminent bank brokerage firm. The company represents four national banks in the disposition of closed branches and has multiple listings from independent and institutional owners. Equity CRE has several vacant and active bank listings throughout PA, NJ, & DE.