Updated May 12, 2025
Abrams Realty & Development Acquires Exton Square Mall From Pennsylvania REIT For $34.25M
260 Exton Square Parkway
$34,250,000
$34/SF
Building Size
990,145 SF
Asset Type
Retail
Closing
Mar 21, 2025
About this deal
AI
The retail asset involved in the transaction is located at 260 Exton Square Parkway, Exton, PA, encompassing a square footage of 990,145. The property was sold for a price of $34,250,000, reflecting a price per square foot of $35.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $34,250,000
- Buyer: Abrams Realty & Development
- Seller: Jared Chupaila - Pennsylvania REIT Inc.
- Sale Date: 03/21/2025
- Brokers: Dave Monahan, Francis Coyne, James Galbally & Patrick Higgins - JLL
The transaction involved Abrams Realty & Development acquiring the property from Pennsylvania REIT Inc. The plan for the property includes redevelopment into a mixed-use town center featuring apartments, offices, entertainment, dining, and retail options.
Players
Exton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93