Abrams Realty & Development has acquired Exton Square, a super-regional shopping center located in Exton, Penn., for $34 million.
JLL represented the seller, PREIT.
Exton Square is strategically located at 260 Exton Square Pkwy., at the intersection of major regional highways including Route 30 and Route 100. This prime location provides excellent accessibility and visibility, drawing visitors from the surrounding affluent communities of Chester County. The property benefits from its proximity to dense residential areas as well as major employment centers, including the Vanguard Group headquarters and QVC Studio Park.
The super-regional shopping center was originally built in 1973 and renovated in 2000. Exton Square spans approximately 75 acres and comprises 990,000 square feet of gross leasable area. Major tenants include Boscov's, Macy's Main Line Health and Round One Entertainment. The center is also shadow anchored by Whole Foods, which was sold by JLLâ
