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| Chelsea Square, a 96,455-SF, grocery-anchored shopping center situated on 10.67 acres at 1603-1653 Manheim Pike, Lancaster, PA |
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| Christopher Munley |
PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P.
(HFF) announces that it has closed the sale of Chelsea Square, a
96,455-square-foot, grocery-anchored shopping center in Lancaster, Pennsylvania.
HFF marketed the property on behalf of the seller, Beacon
Communities. Goodman Properties purchased the asset.
Chelsea Square is anchored by Weis, a regional grocer
undergoing a period of rapid growth, and is also home to a diverse tenant roster
of mostly internet-resistant tenants, including Talbots, Jos. A. Bank, M&T,
Domino’s Pizza, Great Clips, The Lighting Gallery and ModernEyes Optical.
Situated on 10.67
acres at 1603-1653 Manheim Pike, the center is located along a retail
corridor with visibility to 46,000 vehicles per day and has direct access to
the Pennsylvania Turnpike (Interstate 76) and U.S. Routes 30, 222 and
283.
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| Carl Fiebig |
More than 58,000 residents earning an average annual
household income of $105,698 live within a three-mile radius of Chelsea Square.
The HFF team representing the seller included managing
director Chris Munley and senior director Carl Fiebig.
“Chelsea Square was acquired as a broader portfolio
transaction,” said Michael Alperin, Beacon Communities acquisitions and
strategic initiatives director.
“Beacon Communities
is happy to get this real estate in the right local owner’s hands through
Goodman Properties. Chris and his team were excellent to work with for a seller
more versed in multifamily rather than commercial real estate.”
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| Michael Alperin |
CONTACTS:
CHRIS MUNLEY
PA Lic. #RS314499
HFF Managing Director
(484) 532-4200
CARL FIEBIG
PA Lic. #RS320618
HFF Senior Director
(484) 532-4200
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
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