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Purchased the property asset free and clear of existing debt from Brixmor Property Group Nassimi Realty acquires Market Street Square in Elizabethtown, PA E www.marejournal.com M id A tlantic Real Estate Journal — Pennsylvania — Section C LIZABETHTOWN, PA — Nassimi Realty has announced the pur-
HI-LIGHTS November 11 - 24, 2016 Nassimi Realty LLC pur- chased the property asset free and clear of existing debt from Brixmor Property Group . Market St. Square is located at 1605-1641 SouthMarket St. right off of Pennsylvania 283 on the major retail corridor US 230 in Elizabethtown, a Lancaster County community in southern PA 21 miles south chase of Market St. Square a 169,856 s/f, fully-leased, grocery-anchored retail center in Elizabethtown.
Market St. Square
of downtown Harrisburg. The center is in close proximity to Elizabethtown College with more than 2,000 students enrolled. It is currently 100% leased by a strong lineup of national retailers includ- ing Sleepy’s, RadioShack, Hallmark, Sherwin-Williams & Dollar General and dual- anchored by Kmart and Weis
Market which has been at this location for over 23 years maintaining a very profitable operation. The center benefits from its centralized location in a retail market with histori- cally strong occupancy rates allowing the center to capital- ize long term on a supply con- strained, well-leased market with limited grocery-anchored
options. “We are glad to have ex- panded our portfolio with the acquisition of this stable and successful center,” Mike Nas- simi said. “We have shopping centers across the eastern half of the United States and our strongest region is the north-east region. Market St. Square is now one of the many
other centers we have in this area, including: Cedarbrook Plaza in Wyncote PA, Airport Village in Coatesville, PA, Weis Plaza in Kutztown, PA, Botany Plaza in Clifton, NJ, Edgewater Park Plaza in Edgewater Park, NJ, Ewing Towne Centre in Ewing, NJ, and East Meadow Commons in East Meadow, NY.” n
Sidney E. Gable Associates inks 3500 s/f office sale
High Construction Company awarded $12.4m contract to build the Reserve at Greenfield
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Barley Snyder welcomes four new attorneys
LANCASTER, PA — High Construction Company an- nounced that it was awarded a $12.4 million contract by High Associates Ltd., to build The Reserve at Greenfield, a new upscale, smart growth apart- ment community in Greenfield Corporate Center. Construction activity start- ed this week at the site, on Pitney Rd. in East Lampeter Twp., Lancaster. The project is slated for completion in September 2017. The L-shaped structure will span 107,000 s/f and will fea- ture 82 units on four stories, with 23 garages underneath— all with elevator access. The mix of apartments will include one-, two-, and three-bedroom layouts. Other community amenities will include secu- rity keycard access, fitness center with yoga studio, a
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The Reserve at Greenfield
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pet-friendly spa and grooming area, bike storage and repair facility, nearby footpaths, and
recreational open space. The project architect is KTGY Group , Tysons Cor-
ner, VA. High Construction and High Associates are part of the High companies. n
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