When Dr. Tom Brady, the owner of Exton-based Brady Orthodontics, was looking to move his practice to a location that had very little impact on his patients, he turned to the experts at Pillar Real Estate Advisors.
The full-service Commercial Real Estate Brokerage represented him in his acquisition of 19,500 square feet of space on four acres that are visible from routes 113 and 100.
The property is the location of a defunct Isaac’s Restaurant and also includes a KinderCare Learning Center. The latter’s lease is 15 years, further proof of how great an investment this is.
“There are not many properties that have the visibility and access this asset boasts,” said Pillar’s Andrew Turner. “Furthermore, with two long-term tenants, the site is inherently a quality location at the intersection of two highly traveled thoroughfares that will be desired by many tenants as the area continues to grow and prosper.”
Brady will be completely renovating the old restaurant space with high-end finishes and the latest in orthodontic technology.
“I was thoroughly impressed with how much information Andrew provided not only during the search, but also at closing and after closing,” said Brady. “Since this was the first major construction project in my practice career, his knowledge – specifically with the intricacies of the business surrounding real estate transactions, including providing guidance during the loan closing and numerous documents needed outside traditional banking requirements – was very valuable. At any time, I could turn to him for a construction recommendation, site analysis, or vendor contact during the discovery.”
After closing, there were several items that needed to be reconciled with the seller.
“Andrew orchestrated an in-person meeting to go over the monthly requirements, including taxes and inspections needed going forward,” said Brady. “This was very helpful to get my office construction started and smoothed my transition to working as a landlord.”
Pillar Real Estate Advisors is based in West Chester and services the suburban Philadelphia markets of Chester County, Montgomery County, Berks County, and western Delaware County.