Commercial Real Estate Direct Staff Report Kohan Retail Investment Group, which last year had paid $55 million for the Montgomery Mall in suburban Philadelphia, has sold the property's 184,000-square-foot Wegmans grocery store to ExchangeRight Real Estate LLC for $22.6 million, or ...
Commercial Real Estate Direct Staff Report The value of the Montgomery Mall in suburban Philadelphia, which until June was owned by Simon Property Group, has declined to $57.5 million, based on an April appraisal. The 1.1 million-square-foot shopping center in ...
Commercial Real Estate Direct Staff Report Simon Property Group has formally placed its Montgomery Mall, with 1.1 million square feet in the Philadelphia suburb of North Wales, Pa., on its "other properties" list, indicating it'll eventually turn the property over ...
Simon Property Group has told its loan servicer that it was unwilling to inject additional equity into the Montgomery Mall in suburban Philadelphia, a sign that the retail property soon will be owned by its lenders. The 1.1 million-square-foot property ...
95 percent leased. The sale to MetLife allowed for Stanbery to retire a $24.6 million CMBS loan against the property that was securitized through JPMBB Commercial Mortgage Securities Trust, 2013-C17. The loan wasn't scheduled to mature until 2013 and was ...
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© 2023 Commercial Real Estate Direct All rights reserved..