Jacobs Real Estate Advisors is excited to announce that it has acquired a strategically located property at 5623 Lancaster Avenue, Philadelphia, PA. The multi-use commercial property consists of a 3,200 square foot building telecommunications tower, and billboard. The property is in a high-traffic location and adjacent to a retail center currently managed by JREA management.
“The opportunity was compelling due to its unique location and diverse income potentials. We plan to reposition the building and have already received significant interest from several national franchises. We are thrilled with this value-add acquisition in our portfolio” said Sholom Jacobs.
