Kohan Retail Investment Group Acquires Retail Property In North Wales, Pennsylvania For $55M

230 Montgomery Mall, a retail property located in North Wales, Pennsylvania, was recently sold in a transaction valued at $55,000,000. The property spans an impressive 1,100,000 square feet and sits on 105 acres. The sale price equates to approximately $50 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $55,000,000
• Address: 230 Montgomery Mall
• Market: North Wales, Pennsylvania
• Size: 1,100,000 square feet
• Acreage: 105 acres

The property was purchased by Kohan Retail Investment Group from CMBS trust. The deal was facilitated by David Monahan, Jim Galbally, Chris Munley, Cameron Pittman, Colin Behr, and Akhil Patel of JLL Capital Markets.