{"id":1004156772,"date":"2016-10-27T01:49:15","date_gmt":"2016-10-27T09:49:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004156772"},"modified":"2020-05-12T03:32:35","modified_gmt":"2020-05-12T11:32:35","slug":"hff-closes-sale-of-retail-center-in-pennsylvania","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-retail-center-in-pennsylvania\/","title":{"rendered":"HFF Closes Sale of Retail Center in Pennsylvania"},"content":{"rendered":"<p><em>by IvyLee Rosario<\/em><\/p>\n<p><strong>Elizabethtown, Pa.<\/strong>\u2014<a href=\"https:\/\/www.hfflp.com\/\" rel=\"nofollow\" target=\"_blank\">HFF<\/a> has closed the sale of Market Street Square in Elizabethtown, Pa. The property is a 169,856-square-foot, fully leased, grocery-anchored <a href=\"https:\/\/www.commercialsearch.com\/news\/retail\/\" target=\"_blank\">retail<\/a> center.<\/p>\n<div id=\"attachment_1004157131\" style=\"width: 284px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/HFF.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004157131\" data-attachment-id=\"1004157131\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-retail-center-in-pennsylvania\/hff-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/HFF.jpg\" data-orig-size=\"583,490\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"HFF\" data-image-description=\"&lt;p&gt;Market Street Square in Elizabethtown, Pa. &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Market Street Square in Elizabethtown, Pa. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/HFF.jpg?w=583\" class=\"wp-image-1004157131\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/HFF.jpg\" alt=\"Market Street Square in Elizabethtown, Pa. \" width=\"274\" height=\"230\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/HFF.jpg 583w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/HFF.jpg?resize=300,252 300w\" sizes=\"auto, (max-width: 274px) 100vw, 274px\" \/><\/a><p id=\"caption-attachment-1004157131\" class=\"wp-caption-text\">Market Street Square in Elizabethtown, Pa.<\/p><\/div>\n<p>The firm marketed the property on behalf of a publicly-traded REIT. Nassimi Realty LLC purchased the asset free and clear of existing debt. The company is actively seeking to acquire various types of real estate, including shopping centers, office buildings, industrial properties and residential developments.<\/p>\n<p>Located at 1605-1641 South Market St., Market Street Square is anchored by Weis Markets, Kmart and Dollar General, as well as home to Sleepy\u2019s, Sherwin Williams, Subway and Fulton Bank. Covering 18.6 acres, Market Street Square is situated in the dominant retail and commercial area of Elizabethtown, 21 miles south of downtown Harrisburg.<\/p>\n<p>\u201cGrocery-anchored retail positioned within secondary markets continues to remain in high demand. This asset in particular offered the ability to add further value through development and leasing opportunities,\u201d Chris Munley, managing director of HFF, said in prepared remarks.<\/p>\n<p>The team representing the seller was made up of Munley, Senior Managing Director Jose Cruz and Associate Director Michael DiCosimo. HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.<\/p>\n<p><em>Image courtesy of HFF<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nassimi Realty is the new owner of Market Street Square, a grocery-anchored shopping center in Elizabethtown, Pa. <\/p>\n","protected":false},"author":746,"featured_media":1004157131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,10,21749],"tags":[],"class_list":["post-1004156772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-northeast","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>HFF Closes Sale of Retail Center in 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\/hff-closes-sale-of-retail-center-in-pennsylvania\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Closes Sale of Retail Center in Pennsylvania\" \/>\n<meta property=\"og:description\" content=\"Nassimi Realty is the new owner of Market Street Square, a grocery-anchored shopping center in Elizabethtown, Pa.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-retail-center-in-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=\"2016-10-27T09:49:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T11:32:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/HFF.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"583\" \/>\n\t<meta property=\"og:image:height\" content=\"490\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\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\\\/hff-closes-sale-of-retail-center-in-pennsylvania\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-retail-center-in-pennsylvania\\\/\"},\"author\":{\"name\":\"IvyLee Rosario\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f2094ece0e063845f848c7f1c7b84780\"},\"headline\":\"HFF Closes Sale of Retail Center in Pennsylvania\",\"datePublished\":\"2016-10-27T09:49:15+00:00\",\"dateModified\":\"2020-05-12T11:32:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-retail-center-in-pennsylvania\\\/\"},\"wordCount\":234,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-retail-center-in-pennsylvania\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/10\\\/HFF.jpg\",\"articleSection\":[\"Deals\",\"News\",\"Northeast\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-retail-center-in-pennsylvania\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-retail-center-in-pennsylvania\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-retail-center-in-pennsylvania\\\/\",\"name\":\"HFF Closes Sale of Retail Center in Pennsylvania - 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