Wednesday, April 17, 2013

Allen Forge Shopping Center Sells for $9.3M

Trefoil Properties LP sold the Allen Forge Shopping Center at 850-890 S. Valley Forge Rd. in Lansdale, PA to A. Sheftel & Sons for $9,333,000, or about $180 per square foot. 

The 51,878-square-foot neighborhood center was built in 1967 on eight acres in the West Montgomery County submarket of Philadelphia. The center was renovated in 2007 and is anchored by a CVS drugstore and Pennsylvania Liquor Control Board Wine and Spirits. The asset is currently fully leased with a waiting list of interested tenants.

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