Holliday Fenoglio Fowler, L.P. (HFF) announces the $5.95 million sale of a 4,585-square-foot, single-tenant retail building fully occupied by Wawa in the Montgomery County community of Gilbertsville, Pennsylvania.

The HFF team represented the buyer, a private investor who purchased the asset as part of a 1031 exchange.

The building is situated on 2.7 acres at 1111 Grosser Road in Gilbertsville, a community approximately 42 miles northwest of downtown Philadelphia and 25 miles southwest of Allentown. Completed in 2015, the building is leased to Wawa, a chain of more than 800 convenience retail stores in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Florida and Washington, D.C.

The HFF investment advisory team representing the buyer included managing director Marc Mandel and director Steve Schrenk.

According to HFF, “The Wawa purchase was the result of HFF executing across multiple product lines via a 1031 exchange. The buyer had recently sold an apartment property through HFF’s Philadelphia multi-housing team.”

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.