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Reading, Pa Kenhorst Plaza Sells for $16.2M

by thiryj

CoStar reports: Katz Properties LLC acquired Kenhorst Plaza from Spectrum Partners LLC for $16.15 million, or approximately $107 per square foot.

The deal totals 151,150 square feet at 1895 New Holland Rd. and the outparcels – a Dairy Queen, Blue Ball Bank and Sears. The center is located at the corners of Kenhorst Plaza, New Holland and Philadelphia Avenues, and was 89 percent occupied at the time of sale.

via Kenhorst Plaza Sells for $16.2M – CoStar Group.