{"id":1004107313,"date":"2014-11-12T10:27:19","date_gmt":"2014-11-12T18:27:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004107313"},"modified":"2022-12-02T21:46:38","modified_gmt":"2022-12-03T05:46:38","slug":"hershey-trust-trades-218-ksf-shopping-center-in-central-pennsylvania","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hershey-trust-trades-218-ksf-shopping-center-in-central-pennsylvania\/","title":{"rendered":"Hershey Trust Trades 218 KSF Shopping Center in Central Pennsylvania"},"content":{"rendered":"<p><em>By Anna Spiewak, Senior News Editor<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/Hershey-Square.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004107362\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hershey-trust-trades-218-ksf-shopping-center-in-central-pennsylvania\/hershey-square\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/Hershey-Square.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.4&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone 4S&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1375705610&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.28&quot;,&quot;iso&quot;:&quot;50&quot;,&quot;shutter_speed&quot;:&quot;0.00079681274900398&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Hershey Square\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/Hershey-Square.jpg?w=640\" class=\"alignright size-medium wp-image-1004107362\" alt=\"Hershey Square\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/Hershey-Square.jpg\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/Hershey-Square.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/Hershey-Square.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/em><\/p>\n<p>Hershey Trust Co.,\u00a0\u00a0a state-chartered trust company, has sold Hershey Square Shopping Center in Hummelstown, Pa. to Heidenberg Property Group for an undisclosed amount.<\/p>\n<p>CBRE&#8217;s Washington, D.C., National Retail Investment Group and Kevin McClernon of CBRE&#8217;s Wayne, Pa. office represented the seller.<\/p>\n<p>The 218,290-square-foot shopping center is anchored by Weis Markets, the second-largest supermarket in Central Pennsylvania. Other primary retail tenants include\u00a0K-mart, and the Pennsylvania Liquor Control Board. The property is currently 95 percent occupied, with no planned changes, according to a CBRE spokesperson.<\/p>\n<p>&#8220;This opportunity was an institutional-quality shopping center in one of the best small towns demographically in the state of Pennsylvania, where there was a high-barrier of entry for future competition,&#8221; said McClernon, senior vice president with CBRE&#8217;s Investment Properties division, in a news release.<\/p>\n<p>Hershey Trust is\u00a0one of Pennsylvania&#8217;s wealthiest philanthropies, it runs a school for disadvantaged children. It is financially supported through the profits of the candy giant Hershey Co., and an entertainment and resort company which owns the famed Hersheypark. The trust\u00a0manages more than $7 billion in assets.<\/p>\n<p>The controlling stake in the candy company begun in 1905 by Milton S. Hershey. The chocolate founder established the trust\u00a0to create the\u00a0Milton Hershey School.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hershey Trust Co. has traded Hershey Square Shopping Center in Hummelstown, Pa. to Heidenberg Property Group for an undisclosed amount.<\/p>\n","protected":false},"author":952,"featured_media":1004107362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,11,21742,21749],"tags":[],"class_list":["post-1004107313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hershey Trust Trades 218 KSF Shopping Center in Central Pennsylvania - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hershey-trust-trades-218-ksf-shopping-center-in-central-pennsylvania\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hershey Trust Trades 218 KSF Shopping Center in Central Pennsylvania\" \/>\n<meta property=\"og:description\" content=\"Hershey Trust Co. has traded Hershey Square Shopping Center in Hummelstown, Pa. to Heidenberg Property Group for an undisclosed amount.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hershey-trust-trades-218-ksf-shopping-center-in-central-pennsylvania\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-11-12T18:27:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-03T05:46:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/Hershey-Square.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hershey-trust-trades-218-ksf-shopping-center-in-central-pennsylvania\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hershey-trust-trades-218-ksf-shopping-center-in-central-pennsylvania\\\/\"},\"author\":{\"name\":\"Anna Spiewak\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"headline\":\"Hershey Trust Trades 218 KSF Shopping Center in Central Pennsylvania\",\"datePublished\":\"2014-11-12T18:27:19+00:00\",\"dateModified\":\"2022-12-03T05:46:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hershey-trust-trades-218-ksf-shopping-center-in-central-pennsylvania\\\/\"},\"wordCount\":222,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hershey-trust-trades-218-ksf-shopping-center-in-central-pennsylvania\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/11\\\/Hershey-Square.jpg\",\"articleSection\":[\"Investment\",\"Mid-Atlantic\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hershey-trust-trades-218-ksf-shopping-center-in-central-pennsylvania\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hershey-trust-trades-218-ksf-shopping-center-in-central-pennsylvania\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hershey-trust-trades-218-ksf-shopping-center-in-central-pennsylvania\\\/\",\"name\":\"Hershey Trust Trades 218 KSF Shopping Center in Central Pennsylvania - 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