Wednesday, January 13, 2016

College Plaza Trades in Ebensburg, PA

by Steve Lubetkin,
 College Plaza, a 129,945-square foot strip center anchored by Giant Eagle in Ebensburg, PA as sold.   College Plaza is about 25 miles west of Altoona.

“This deal shows the high-demand for grocery anchored strip centers in the market right now, even those in smaller market locations."

The seller was a tenant in common group. The buyer is a privately owned real estate investment company out of northern New Jersey.

College Plaza is located at 881 Hills Plaza in Ebensburg, PA, on more than 22 acres of land. The strip center is anchored by grocer Giant Eagle, which has occupied the space for more 35 years, and also includes national tenants such as Big Lots, Aarons, Dollar General, Sherwin Williams, and GNC. Pennsylvania Highlands Community Center is also within the center.

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