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

230 Montgomery Mall
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This Retail property located in PA was sold for $55,000,000 over 2 years ago. The brokers of the deal were Akhil Patel, Cameron Pittman, Colin Behr, James "Jim" Galbally, and Christopher "Chris" Munley

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.

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Deals
  • Location
    230 Montgomery Mall, North Wales, PA, USA230 Montgomery Mall, North Wales, PA, USA
  • Sale Price
    $55,000,000$55,000,000
    $50 PPSF$50 PPSF
  • Area
    1,100,000 SF1,100,000 SF
  • Asset Type
    RetailRetail
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Cameron Pittman

Cameron Pittman

Deals4
Sold$425M

Akhil Patel

Akhil Patel

Deals1
Sold$55M

James "Jim" Galbally

James "Jim" Galbally

Deals16
Financed$1.7B

Colin Behr

Colin Behr

Deals14
Sold$1.4B

Agency

JLL

JLL

Agency
Deals5579
Volume$332.6B

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Deal Summary

SALE IMAGE: Chris Munley, Colin Behr, Cameron Pittman, Jim Galbally & David Monahan DATE: 12/06/2021 ADDRESS: 230 Montgomery Mall MARKET: North Wales, Pennsylvania ASSET TYPE: Retail ~ ACRES: 105 BUYER: Kohan Retail Investment Group SELLER: CMBS trust BROKERS: David Monahan, Jim Galbally, Chris Munley, Cameron Pittman, Colin Behr & Akhil Patel - JLL Capital Markets SALE PRICE: $55,000,000 SF: 1,100,000 ~ PPSF: $50

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