Gary's Plaza & adjacent Bowling Center in Lansdale sold to JGKM Assocs., LLC

Lansdale, PA - September 9, 2004 - Gary's Plaza Shopping Center at S. Broad Street and Whites Road, and an adjacent bowling center in Lansdale, PA has been sold to JGKM Associates, LLC who will develop the properties which currently comprise about 70,000 SF of retail space. The center was once occupied by a 30,000 SF Drug Emporium store which had vacated the site last December. Torypete Construction of Conshohocken, PA is the development manager who announced the signing of the Palace Bowling and Entertainment center as an anchor to the new development. The center will undergo extensive expansion, redesign and renovation as the project will likely approach $10,000,000. APTCOR COMMERCIAL, REALTORS represented the Sellers, EG & G Realty, Inc. and Wallach Building Associates, in the deal.  Lansdale officials have expressed enthusiasm over preliminary sketch plans depicting a redeveloped S. Broad Street frontage between traffic lights at Whites Road and Hancock Street.

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