Less than five years after acquiring The Court at Cottman, Abrams Realty and Bock Development have listed the fully leased Northeast Philadelphia shopping center for sale following a major redevelopment.

The joint venture purchased the former three-story Sears building in 2020 for $28.8 million and invested $24 million to transform the vacant space. The 224,000-square-foot property is now anchored by a 60,000-square-foot Giant grocery store and features a diverse tenant mix.

Although initially planning to refinance and hold the asset longer, Abrams Realty owner Peter Abrams said the timing is right to sell. The property, located at 2201 Cottman Ave. near Roosevelt Mall, also sits next to the site of a fatal Jan. 31 plane crash.

*Article courtesy of Philadelphia Business Journal

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