A — February 28 - March 13, 2014 — Shopping Centers — Mid Atlantic Real Estate Journal
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Along with Angelo, Gordon & Co. Colliers Int’l. secures 14,430 s/f retail at Ephrata Marketplace E p h r ata , L a n - caster County, PA — Colliers Inter-
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national concluded 14,430 s/f of retail leases at the Eph- rata Marketplace in 2013. The site, a multi-phased retail development, consists of an assemblage of retail strip center space and development outparcels. The brokerage team of Wil- liam Aiello, George Lulos and Larry Kostelac , of Col- liers International’s Harris- burg office, represented the owner. Initially working in a development consultant role, Colliers secured the site for the developer and then managed the traffic and zoning issues. Colliers secured Giant Food as the anchor and proceeded to lease up the space (only 4,200 s/f remains). New strip center tenants include (but are not limited to): GNC, Subway,
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GameStop, Great Clips, and Golden Chicken; the outpar- cels have also been secured by well-known tenants such
as Starbucks, Five Guys, Ve- rizon Wireless, McDonalds, and Members First Credit Union. n
Wilmington, DE — Pat- terson-Woods Commercial Properties/CORFAC Inter- national president Duncan Patterson, CCIM , announced Tom Ryan has represented Dafa Investments in the sale of a 2,315 s/f retail property located at 2707 Concord Pike Patterson-Woods/CORFAC Int’l. sells $740,000 retail property in Wilmington. The buyer is investor Church Road LLCwhich paid $740,000, or approximately $315 a foot at an initial return (capitalization rate) of 5.3 percent, according to Ryan. “The location and credit-wor- thiness of the tenantsmade this an attractive local investment for this asset,” Ryan said. The property is located on busy Concord Pike between U.S. 13 in Wilmington and the Pennsylvania border. The two tenants are Delaware Gold Exchange and Casapulla’s Subs. n
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