One Liberty Properties Acquires 194,000-SF Shopping Center

One Liberty Properties Inc. has acquired the Lakeview Shopping Center in Royersford, PA, from R.J. Waters & Associates for $23.5 million or about $121 per square foot.

The 194,451-square-foot shopping center at 947 S. Township Line Road was built in 2002 on 33 acres. The center is anchored by Giant and Kohl’s, and features a number of other tenants including Blockbusters, Marshalls and Lakeview Cleaners. It was 100 percent occupied at the time of sale.