Dollar General Leases at the Newly Renovated Lindbergh Plaza
Dollar General enters into a lease agreement for 8,343 sf at Lindbergh Plaza, located at 7620 Lindbergh Blvd, Philadelphia, PA.
Richard Soloff of Soloff Realty & Development represented both Dollar General and Lindbergh Plaza 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 will join other retailers, including a free-standing McDonalds at the newly renovated Plaza.
Lindbergh Plaza is the newest redevelopment project of Brahin Properties and boasts a thriving 29,512 sf retail complex ideally located at the corner of Lindbergh Boulevard and Island Avenue, gateway for the SouthWest section of Philadelphia from I-95.
“We are excited about this most recent renovation in the Brahin Portfolio of commercial development.” said Lee Brahin, CEO of Brahin Properties. “The retailers here will enjoy the look and feel of the recent upgrade while also enjoying the benefits of serving one of the most densely populated areas in the city.”
With 18.0 billion in sales in 2014, Dollar General is one of the nation’s leading dollar discount retailers having over 11,700 locations in 45 states in U.S. To date, Dollar General employees over 105,000 people at its stores.
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, New York, Delaware, Maryland, Florida and Oklahoma. 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.