L&B Realty Advisors Buys Prickett Preserve (56,252 SF) in Philadelphia

Reported Oct 14, 2026 · Source: CRE News

Source: CRE NewsRead the full report at CRE News ↗

Deal details

Buyer
L&B Realty Advisors
Seller
venture of DeLuca Homes and Envision Land Use
Price
$39M
Size
56,252 SF; $693.31/SF
Price per SF
$693 per SF (our calculation)
Asset class
Retail
Transaction
Sale
Sub-market
Montgomery & Bucks Counties
Metro
Philadelphia
Reported date
Oct 14, 2026

Summary

Prickett Preserve is a retail sale in Montgomery & Bucks Counties, Philadelphia. Other details we have: buyer L&B Realty Advisors; seller venture of DeLuca Homes and Envision Land Use; price $39M; size 56,252 SF; $693.31/SF. CRE News reports: “Philadelphia Business Journal L&B Realty Advisors has paid $39 million, or $693.31/sf, for Prickett Preserve, a 56,252-square-foot retail property in Yardley, Pa.”

Quoted from the article; the other facts come from our own deal listing.

Source: CRE News

Read the full report at CRE News. What the article says:

  • Deal / Price / Size / Buyer / Seller
    Philadelphia Business Journal L&B Realty Advisors has paid $39 million, or $693.31/sf, for Prickett Preserve, a 56,252-square-foot retail property in Yardley, Pa. The Dallas real estate investment firm acquired the shopping center from its developer, a venture of DeLuca Homes of Langhorne, Pa., and Envision Land Use of Wayne, Pa. JLL brokered the sale. Prickett […]
  • Deal
    Philadelphia Business Journal L&B Realty Advisors has paid $39 million, or $693.31/sf, for Prickett Preserve, a 56,252-square-foot retail property in Yardley, Pa.

Article date: 2026-10-14T17:59:22+00:00

Quick answers

Who bought Prickett Preserve?
L&B Realty Advisors bought Prickett Preserve in Montgomery & Bucks Counties, Philadelphia, according to CRE News.
How much did Prickett Preserve sell for?
The reported price is $39M ($693 per SF, our calculation), per CRE News.
How big is Prickett Preserve?
56,252 SF; $693.31/SF, as listed from the source.
When was this sale reported?
Reported Oct 14, 2026 by CRE News.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.