Wawa is the new tenant for a building that sold for $4.8 million in Reading.
Formerly the site of a Bottom Dollar, the newly built 5,585-square-foot-building is at 413 Lancaster Ave.
American Regent Reading LLC, a local developer, sold the building to 413 Lancaster Associates, according to Derrick Dougherty, first vice president of investments for Marcus & Millichap of Philadelphia. Dougherty and Steve Garthwaite, an associate at Marcus & Millichap, represented the buyer and seller in the transaction.
Wawa is leasing the ground from the owner under a 20-year lease, Dougherty said in a statement.
“Wawa had been looking to enter this dense infill market for about five years,” Garthwhite said in a news release.