Thursday, December 22, 2011

Oaklands Festival, Exton Sells for $24M

"WP Realty, Inc. has sold the Oaklands Festival at Exton retail shopping center to Paramount Realty Services, Inc. for $24 million, or roughly $167 per square foot.

The multi-building retail development located at 400 - 470 W. Lincoln Hwy in Exton, PA totals 143,391 square feet. The center was 93 percent leased at the time of sale. It was built in 1991 on approximately 20 acres in Chester County."

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