Saturday, October 22, 2016

HFF closes sale of fully-leased retail center in Elizabethtown, PA

Market Street Square, 1605-1641 South Market Street, Elizabethtown, PA

Chris Munley
PHILADELPHIA, PA  –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Market Street Square, a 169,856-square-foot, fully-leased, grocery-anchored retail center in Elizabethtown, Pennsylvania.     
HFF marketed the property on behalf of a publicly-traded REIT.  Nassimi Realty LLC, purchased the asset free and clear of existing debt.

Market Street Square is anchored by Weis Markets, Kmart and Dollar General and is also home to national and regional tenants, including Sleepy’s, Sherwin Williams, Subway and Fulton Bank.

The property has an area for a future development or ground lease on a pad site located at the entrance to the center. 

Situated on 18.6 acres at 1605-1641 South Market Street, Market Street Square is located in the dominant retail and commercial corridor in Elizabethtown, a Lancaster County community in southern Pennsylvania approximately 21 miles south of downtown Harrisburg.

The HFF team representing the seller was led by managing director Chris Munley and senior managing director Jose Cruz and associate director Michael DiCosimo.

“Grocery-anchored retail positioned within secondary markets continues to remain in high demand,” Munley said.  “This asset in particular offered the ability to add further value through development and leasing opportunities.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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