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www.marejournal.com Mid Atlantic Real Estate Journal — Shopping Centers — 13C Lulos & Aiello represents Kimco Realty Corp. in a free-standing Rite Aid NNN ground lease Colliers International concludes sale of Bank of America NNN ground lease for $4.45 million
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arasota , FL & Gettysburg, PA — The Colliers Inter-
tract. Colliers International’s Har- risburg team also closed the sale of a free-standing RiteAid NNNGround Lease located in downtown Gettysburg, PA. The 14,584 s/f building is situated on 2.39 acres; it was listed at an 8% CAP Rate and sold for a 7.5% CAP Rate. Lulos and Aiello represented Kimco Realty Corporation in this transaction. The property was purchased by a private investor as a long- term single tenant, triple net investment. n Rohrbaugh & Jeff Kauff- man of Bennett Williams rep- resented both the landlord and the tenant in the transaction. 6,000 s/f of retail space at Wayne Plaza at 933 Wayne Ave. in Chambersburg. Cellco Partnership d.b.a. Verizon Wireless leased the space for 7 years from Wayne Avenue Plaza, L.P. Stine & of repre- sented the landlord in the transaction. 600 s/f of retail space at 6 S. Queen St. in York. Nasir Mah- mood leased the space for 3 years from Susquehanna Real Estate, LP. Stine, Rohrbaugh & Hagerman represented the landlord in the transaction. n
national Investment Ser- vices Group (CISG) team of George Lulos and William Aiello concluded the sale of Bank of America NNN ground lease located at 1900 Fruitville Rd., Sarasota. The property was built spe- cifically for Bank of America in 2012 by Theatre Associates II, LLP. Lulos and Aiello rep- resented the buyer and the seller. The property was purchased HI-LIGHTS July 26 - August 15, 2013
Free-standing Rite Aid NNN Ground Lease located in downtown Gettysburg, PA
by a private investor as a long- term single tenant, triple net
investment. The same team has a free-standing Staples
Superstore adjacent to the Bank of America under con-
Bennett Williams Realty’s Stine, Rohrbaugh & Brown represent both parties in $1.775m sale
Lewistown, PA — Ben- nett Williams Realty, Inc. , one of the largest third-party, commercial real estate firms in Central Pennsylvania has arranged the sale/lease of the following transactions: Sales: 41,200 s/f shopping center at Supercenter Plaza in Lew- istown. Hilltop Plaza, LLC bought the center for $1.775 million from Bayview Loan Servicing, LLC. Chad Stine, Brad Rohrbaugh & Beau Brown of Bennett Williams represented both the buyer and the seller in the transaction. 1.21 acres of retail land at 4935 State Route 54 in Tur- botville. MBC Development, LP bought the land for rede- velopment for a future Dollar General location from Terry Bixler. Stine, Rohrbaugh & Adam Hagerman of Ben- nett Williams represented the buyer in the transaction. Lease: 509 s/f of retail space at Berkshire Mall 1665 State Hill Rd. in Wyomissing. Om Shri Sai, Inc. leased the space for a Pita Pit location for 5 years from Berkshire Mall, LLC. Stine & Rohrbaugh rep- resented the tenant in the transaction. 1,600 s/f of retail space at 530 Progress Ave. in Harrisburg. KPV ProgressAve., LLC leased the space for a Dunkin Donuts
Retail Brokerage Directory SPOTLIGHT
Divaris RE announces 9 VA leases totalling 39,730 s/sf 20-21C
Supercenter Plaza
location for 10 years from Progress Elmerton, LP. Stine & Rohrbaugh represented the tenant in the transaction. 500 s/f of retail space at Dau-
phin Plaza on Union Deposit Rd. in Harrisburg. Encore Staffing Services leased the space for 1 year from WP Realty . Chad Stine, Brad
16C
Greenberg Gibbons welcomes tenants
www.promenadeatwyomissingsquare.com
17C
Upcoming Spotlight
August 30 th Issue: PA/NJ/DE ICSC Idea Exchange* *Bonus Distribution at Conference
For leasing inFormation contact: greg Heflin 215-592-8905 gheflin@brickstoneco.com John conners 215-972-1550 jjconners@brickstonco.com
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