Thursday, August 19, 2010

Exeter Commons Sells for $53 Million

"A joint venture of Goldenberg Group and Ironwood Property Group sold the Exeter Commons Regional Mall in Reading, PA, for $53 million, or $147 per square foot, to a partnership of Cedar Shopping Centers and RioCan Real Estate Investment Trust.

The multitenant mall, located along Perkiomen Avenue in Bucks County, delivered in 2009 and is approximately 361,000 square feet in size. The property sits on a little over 106 acres with 1,600 parking spaces. Anchor tenants include Giant Food, Lowes, Target and Staples."

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