![The 225,000-square-foot Richland Plaza is 90% vacant.](https://phillyindustrialspace.com/wp-content/uploads/2023/06/Velocity--300x100.png)
As tenants fled from the Richland Plaza shopping center in Quakertown, Velocity Venture Partners Founding Partner Zach Moore thought, “There’s got to be an opportunity here.” At 90% vacant, Velocity acquired the 225,000-square-foot retail center for $16.7 million on Wednesday and plans to convert it into a multi-tenant industrial site. The entire project, combining the acquisition cost… Read more »