Sky Capital Group Purchases Town Square Plaza In Pottstown For $22.6M With Bennett Williams Commercial

The retail property located at 1100 Town Square Road in Pottstown, PA, encompasses 38 acres and features a total area of 216,000 square feet. The sale transaction took place for a price of $22,600,000, equating to a price per square foot of $105. The shopping center was reported to be 87% occupied as of June, with a significant anchor tenant being a 134,500-square-foot Lowe’s store.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $22,600,000
• Buyer: Sky Capital Group
• Seller: Bluejay Management
• Market: Pottstown, PA
• Asset Acreage: 38
• Square Footage: 216,000
• Price Per Square Foot: $105

The transaction was brokered by Bennett Williams Commercial, facilitating the sale of Town Square Plaza from Bluejay Management to Sky Capital Group. This acquisition marks a significant shift in ownership from the prior sale in 2017 when Bluejay Management purchased the property for $28,600,000.