Thursday, December 18, 2014

WRDC Pays $5.6M for Kmart Shopping Ctr in Mechanicsburg

RDC acquired the Kmart Shopping Center at 5600 Carlisle Pike in Mechanicsburg, PA from Cumberland Partners Kmart Burr Wolff for $5.6 million, or about $53 per square foot.

The 106,500-square-foot retail center was built in 1965 on 22 acres in the Harrisburg ARea West submarket of Cumberland County. It was renovated in 1992 and is anchored by Kmart, though the buyer has listed the entire center for lease, divisible to 10,000 square feet.

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