Monday, January 12, 2015

Shopping Center in Monaca, PA sells for $41M

Township Marketplace in Monaca, PA sold to American Realty Capital for $41.12 million.

“Township Marketplace is the preeminent shopping center in the area, boasting a strong lineup of national tenants that all perform well at this location. We had national interest in the property given the regional nature of the center and the proposed $4 billion cracker plant.”

Township Marketplace is a 298,630 sq. ft. power center anchored by Lowe’s, and also includes such national tenants as Cinemark, Party City, Michaels, PetSmart, and Five Below. The property was built in 1999.

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