R.J. Waters & Associates, Inc. co-brokers sale

R.J. Waters & Associates, Inc. co-brokers sale of William Penn Plaza Shopping Center in Easton, PA.

Easton, PA (Northhampton County) – June 16, 2014 – R.J. Waters & Associates, Inc., Southeast Pennsylvania’s premier development, management, leasing, and brokerage firm, has co-brokered the sale of William Penn Plaza at 3079 William Penn Hwy in Easton, PA.  William Penn Plaza contains 91,211 square feet of community retail space and is anchored by Weis Markets, a leading regional supermarket chain with 166 stores across five states.

Time Equities, Inc. purchased the property from Easton Development Company for $8 million, or about $88 per square foot.

The 91,211-square-foot center was constructed in 1985 in Palmer Township, Northampton County, PA. The property was 92 percent occupied at the time of sale.

Francis J. McDonnell of R.J. Waters & Associates, Inc. and Ronald Cappello of Colliers International represented the seller. The buyer handled the sale in-house.

About R.J. Waters & Associates

R. J. Waters & Associates, Inc. is a commercial real estate management, leasing, brokerage, and development firm located in Southeast, Pennsylvania.  R.J Waters & Associates, Inc. manages and leases 21 neighborhood shopping centers throughout Pennsylvania, Delaware, and Virginia. Collectively, we manage and lease over 2.4 million sq. feet of retail space, catering to the needs of over 350 tenants.  Please visit our website at www.rjwaters.com.

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