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.