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Abrams Realty & Development Acquires Dekalb Plaza Retail Center In East Norriton, Pennsylvania For $23.1M

Property Image
SOLD
$23,100,000
Chris Munley
James Graf
James "Jim" Galbally
+ 1

Pennsylvania

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Retail178,356 SF
Sold 07/31/2023
the dealplayerscompscontact
Property Image
SOLD

Abrams Realty & Development Acquires Dekalb Plaza Retail Center In East Norriton, Pennsylvania For $23.1M

2640 Dekalb Pike East Norriton, Pa 19401, Usa

See Similar Deals
Retail178,356 SF
Sold 07/31/2023
Chris Munley
James Graf
James "Jim" Galbally
+ 1
the dealplayerscompscontact
Contact now

Summary

PENNSYLVANIA
Asset Type:Retail
Price Per Square Foot:$129
Total Square Footage:178,356 SF
Transaction Type:Sale

Abrams Realty & Development has acquired Dekalb Plaza, a retail center located at 2640-2714 Dekalb Pike in East Norriton, Pennsylvania. The property, totaling 178,356 square feet, was sold by Broad Street Realty for a price of $23,100,000. The retail center is home to notable tenants such as Chick-fil-A and Goodwill.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $23,100,000
  • Property Size: 178,356 square feet
  • Address: 2640-2714 Dekalb Pike, East Norriton, Pennsylvania
  • Market: East Norriton, Pennsylvania

JLL Capital Markets facilitated the sale of Dekalb Plaza. The brokers involved in the transaction were Chris Munley, James Galbally, Colin Behr, and James Graf from JLL. Peter Abrams represented Abrams Realty & Development as the buyer, while Michael Jacoby represented Broad Street Realty as the seller.

Players

James "Jim" Galbally
JLL
James Galbally
26 deals$2B volume
BROKER
Colin Behr
CBRE
Colin Behr
23 deals$1.5B volume(215) 896-4253
BROKER
James Graf
JLL
James Graf
5 deals$209.1M volume
BROKER
Chris Munley
CBRE
Chris Munley
10 deals$163.3M volume(609) 610-1096
BROKER
AD
Abrams Realty & Development
BUYER

Details

SOLD
IMAGE: James Galbally, Chris Munley, Colin Behr, James Graf & Michael Jacoby DATE: 07/31/2023 ADDRESS: 2640-2714 Dekalb Pike MARKET: East Norriton, Pennsylvania ASSET TYPE: Retail BUYER: Abrams Realty & Development (@Abrams_Realty_Development) - Peter Abrams SELLER: Broad Street Realty (@BroadStreetCRE) - Michael Jacoby BROKERS: Chris Munley, James Galbally, Colin Behr & James Graf - JLL (@JLL) SALE PRICE: $23,100,000 SF: 178,356 ~ PPSF: $130 NOTE: JLL Capital Markets closed the $23.1 million sale of Dekalb Plaza, a 178,356 sq-ft retail center in East Norriton, Pennsylvania. Abrams Realty & Development acquired the property from Broad Street Realty, with notable tenants including Chick-fil-A and Goodwill.

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