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Pennmark Mgmt Acquires Monroeville Rite Aid for $5M

Buyer Closes 1031 Exchange with NNN Investment Property
By Cory Guy
April 3, 2012 | 3:32 P.M.

Investment management company Fortress Investment Group LLC sold 4113 William Penn Hwy in Monroeville, PA for $4.95 million, or about $389 per square foot. The new owner, Pennmark Management Company, Inc., is a commercial developer / investor that owns and manages properties in Pennsylvania and New Jersey.

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News | Pennmark Mgmt Acquires Monroeville Rite Aid for $5M