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| Market Street Square, 1605-1641 South Market Street, Elizabethtown, PA |
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| 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 | www.hfflp.com
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