Kline Plaza Shopping Center, A 215K SF Retail Plaza in Harrisburg, Sold to Nassimi Realty
JLL arranged the $8.7 million sale on behalf of Brixmor Property Group.
HARRISBURG, PA—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.
A Jones Lang LaSalle Capital Markets team led by managing directors Jim Galbally and Bill Moylan, with vice president Colin Behr and senior associate Nate Cleland, represented Brixmor in the transaction.
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,” says Galbally. “Giant’s commitment to the shopping center was highlighted by its recent long-term renewal.