Friday, January 18, 2019

Kline Plaza Shopping Center Sold in Harrisburg

by Steve Lubetkin,
Nassimi Realty LLC purchased the Kline Plaza Shopping Center, a 214,628-square-foot shopping center in the heart of Harrisburg, PA, from Brixmor Property Group for an estimated $8.7 million. The transaction value was reported by Real Capital Analytics, a proprietary research database that tracks commercial real estate transactions.
The seller was Brixmor.

The shopping plaza, located at South 25th and Market Streets, is anchored by Giant Food Stores, Citi Trends and Family Dollar.
“The demand for grocery-anchored shopping centers remains extremely competitive throughout the region, and that was highlighted throughout this process. Giant’s commitment to the shopping center was highlighted by its recent long-term renewal.

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