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Wharton Realty Group Inc. Acquires Retail Property In Reading, Pennsylvania For $72M

4599 Perkiomen Avenue
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This Retail property located in PA was sold for $72,000,000 about 2 years ago. The brokers of the deal were Colin Behr and Christopher "Chris" Munley

The retail property located at 4599 Perkiomen Ave in Reading, Pennsylvania was recently sold for a total sale price of $72,000,000. The property spans across 50 acres and has a total square footage of 361,095. The sale took place on March 18, 2022.

Summary of transaction details

  • Property Type: Retail
  • Sale Price: $72,000,000
  • Square Footage: 361,095
  • Address: 4599 Perkiomen Ave, Reading, Pennsylvania
  • Market: Reading, Pennsylvania
  • Acres: 50

Wharton Realty Group Inc. was the buyer in this transaction. The buyer was represented by Christopher Munley and Colin Behr, who work for JLL.

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Deals
  • Location
    4599 Perkiomen Avenue, Reading, Pennsylvania 19606, United States4599 Perkiomen Avenue, Reading, Pennsylvania 19606, United States
  • Sale Price
    $72,000,000$72,000,000
    $199 PPSF$199 PPSF
  • Area
    361,095 SF361,095 SF
  • Asset Type
    RetailRetail
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Colin Behr

Colin Behr

Deals14
Sold$1.4B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Christopher Munley & Colin Behr DATE: 03/18/2022 ADDRESS: 4599 Perkiomen Ave MARKET: Reading, Pennsylvania ASSET TYPE: Retail ~ ACRES: 50 BUYER: Wharton Realty Group Inc. BROKERS: Christopher Munley & Colin Behr - JLL (@Jll) (@Jll_USA) SALE PRICE: $72,000,000 SF: 361,095 ~ PPSF: $199

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4599 Perkiomen Avenue

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