Dollar General Leases At Delmar Drive & School Lane, Folcroft, PA
Dollar General enters into a lease agreement for 7,500 sf at Delmar Drive & School House Lane, Folcroft, PA. Richard Soloff of Soloff Realty & Development represented both Dollar General and Folcroft Development Partners, LC in the transaction.
Dollar General builds and runs convenient sized stores that deliver everyday low prices on a wide variety of household products and other merchandise. They exceeded $23 billion in sales in 2017 and are one of the nation’s leading dollar discount retailers having 14,534 stores in 44 states. To date, Dollar General employees over 129,000 people throughout every type of community in the United States.
“We’re excited about developing this Dollar General project in the town of Folcroft and look forward to securing another strong retailer to occupy the adjacent pad” said Lee Brahin, CEO of Brahin Properties.
Brahin Properties is a well-established commercial real estate developer based in Philadelphia that has ownership or management interest in commercial properties in seven states including; Pennsylvania, New Jersey, Maryland, and Florida. The majority of the portfolio is comprised of retail properties, such as community shopping centers, but it is a diverse package of investments that includes; office, medical, industrial, residential, self-storage, and a 700-acre mixed use Motorsports Park resort. They are pursuing further growth through initiating asset value enhancement projects, acquisition of existing retail properties and third-party management responsibilities.