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Centre Square Commons, Blue Bell, PA Centre Square Commons, Blue Bell, PA

BLUE BELL, PA— Medipower Overseas Co. of Cyprus has acquired the nearly fully-occupied Centre Square Commons shopping center here from Kinsley Properties for approximately $40 million.

The 88,598-square-foot grocery-anchored shopping center was 96% occupied at the time of the sale, according to Institutional Property Advisors. Brad Nathanson, IPA senior managing director, represented Kinsley Properties and identified the buyer, Medipower Overseas Co., in the transaction. IPA Capital Markets’ Michael Helpern and Christopher Marks of New York City arranged the debt financing on behalf of Medipower.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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