Wednesday, January 25, 2017

Kodiak Properties Sells Newberry Commons Shopping Center

Kodiak Properties LLC sold the Newberry Commons mixed-use center at 10-310 Newberry Commons and 36-50 Robinhood Dr. in Etters, PA for $16.42 million, or approximately $68 per square foot, to Vastgood Properties LLC.

Built in 1987, the 241,977-square-foot commercial property is comprised of 130,768 square feet of office space and 105,959 square feet of retail space. The asset houses Rite Aid's operational headquarters and is home to Darrenkamp’s Market, Valley Green Beverage and the Red Land Community Library.

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