BEACON COMMERCIAL REAL ESTATE BROKERS GROCERY SALE

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CHESTNUT HILL, PA. — Conshohocken, Pa.-based Beacon Commercial Real Estate has brokered the sale of the former Caruso’s Market building, located at 8418-8424 Germantown Ave. in Chestnut Hill. The 6,700-square-foot building contains the retail store, as well as six residential apartments located above the storefront. Beacon Commercial’s Mike Flynn, Gene McHale and John O’Dea represented the owner, Wynnewood, Pa.-based CMS Cos. The seller, Weaver’s Way Co-op, was represented by Bill Elfant of Elfant Wissahickon Realtor. Weaver’s Way is a co-op grocery store that currently has a location in Mt. Airy. It will renovate the Chestnut Hill property and open an additional grocery store by mid-to-late summer. It is not known if the apartments were included in the sale.

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