Pottstown shopping center sells in $26M deal
A Cyprus-based real-estate group has purchased the 102,905-square-foot North End Shopping Center at 1300 N. Charlotte St. in Pottstown from an affiliate of Kennedy Wilson Properties of Beverly Hills.
A Cyprus-based real-estate group has purchased the 102,905-square-foot North End Shopping Center at 1300 N. Charlotte St. in Pottstown from an affiliate of Kennedy Wilson Properties of Beverly Hills.
Medipower Overseas Public Co.bought the property in a portfolio purchase with the Madeira Plaza shopping center in Reading for $26.6 million, CBRE Group executive vice president Brad Nathanson, who represented seller SIN Ventures in the transaction, said in a release on Monday.
SIN shares an address with Kennedy Wilson's Chicago office, according to records on Montgomery County's website. Medipower, publicly traded on the Tel Aviv Stock Exchange, owns and manages retail properties and residential developments in the U.S., Canada, Sweden and Bulgaria, according to its website.
The North End Shopping Center is anchored by Redner's Warehouse Market, CVS, Dollar General and a Fine Wine & Good Spirits Store.
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