EBENSBURG, PA—Marcus &Millichap brokered the sale of CollegePlaza, a 129,945-square foot strip center anchored byGiant Eagle in Ebensburg, PA, about 25 miles westof Altoona.
"This deal shows the high-demand for grocery anchored stripcenters in the market right now, even those in smaller marketlocations," says Dean Zang, senior vice president,Marcus & Millichap, who worked on the transaction.
Zang, along with Brian Munn,vice president, Joshua Ein, investment specialist,and Mark Taylor, senior vice president, and hadthe exclusive listing to market the property on behalf of theseller, a tenant in common group. Tim Giambrone,vice president in Marcus & Millichap's Atlantaoffice, secured and represented the buyer, a privately owned realestate investment company out of northern New Jersey.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.