Abrams Realty & Development Acquires Exton Square Mall From Pennsylvania REIT For $34.25M

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.