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Pennsburg Square Shopping Center Sells for $8.5M

Westover Adds 120,000 SF to Portfolio
March 26, 2014
Westover Companies acquired The Pennsburg Square shopping center at 482 Pottstown Ave. in Pennsburg, PA from Vanick Properties, Inc. for $8.5 million, or about $71 per square foot.

The single-story, 120,243-square-foot, retail center was built in 1976 in the West Montgomery County submarket of Philadelphia.

Michael Margolis of Newmark Grubb Knight Frank represented seller. The buyer handled the sale in-house.

Please refer to CoStar COMPS #2983200 for more information on this transaction.

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