{"id":1004184260,"date":"2017-07-19T00:44:49","date_gmt":"2017-07-19T08:44:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004184260"},"modified":"2022-12-08T11:00:34","modified_gmt":"2022-12-08T19:00:34","slug":"amato-properties-acquires-pennsylvania-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/amato-properties-acquires-pennsylvania-shopping-center\/","title":{"rendered":"Amato Properties Acquires Pennsylvania Shopping Center"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004184525\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Scott-Town-Plaza-in-Bloomsburg-Pa.1.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004184525\" data-attachment-id=\"1004184525\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/amato-properties-acquires-pennsylvania-shopping-center\/scott-town-plaza-in-bloomsburg-pa-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Scott-Town-Plaza-in-Bloomsburg-Pa.1.jpg\" data-orig-size=\"900,675\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;1.7&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;SAMSUNG-SM-G935A&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1468939276&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.2&quot;,&quot;iso&quot;:&quot;50&quot;,&quot;shutter_speed&quot;:&quot;0.0004416961130742&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Scott Town Plaza in Bloomsburg, Pa.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Scott Town Plaza in Bloomsburg, Pa.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Scott-Town-Plaza-in-Bloomsburg-Pa.1.jpg?w=900\" class=\"wp-image-1004184525 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Scott-Town-Plaza-in-Bloomsburg-Pa.1.jpg\" alt=\"Scott Town Plaza in Bloomsburg, Pa.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Scott-Town-Plaza-in-Bloomsburg-Pa.1.jpg 900w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Scott-Town-Plaza-in-Bloomsburg-Pa.1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Scott-Town-Plaza-in-Bloomsburg-Pa.1.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004184525\" class=\"wp-caption-text\">Scott Town Plaza in Bloomsburg, Pa.<\/p><\/div>\n<p>Amato Properties purchased Scott Town Plaza, a 73,634-square-foot neighborhood shopping center in Bloomsburg, Pa., for $5.5 million. TZD Retail of Marcus &amp; Millichap brokered the transaction on behalf of the seller, a private investor based in southeastern Pennsylvania, and represented the buyer.<\/p>\n<h2>Fully leased property<\/h2>\n<p>Located at 1383 Columbia Highway, the plaza is a mile away from the Bloomsburg University of Pennsylvania\u00a0that serves roughly 10,000 students. At the time of sale, Scott Town Plaza was fully leased. Tenants include Sykes, Dollar Tree and Tractor Supply Co.<\/p>\n<p>Scott Woodard, Derrick Dougherty, Mark Taylor and Dean Zang of TZD Retail of Marcus &amp; Millichap had the exclusive listing to market the property.<\/p>\n<p><em>\u201cDespite retail griefs, investors continue to actively seek well-positioned, neighborhood shopping centers in <a href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-to-market-net-lease-portfolio\/\">secondary and tertiary markets<\/a>,\u201d<\/em> Dougherty, first vice president of investment in Marcus &amp; Millichap\u2019s Philadelphia office, said in a prepared statement. <em>\u201cThis particular tenant-mix has developed roots in the submarket with a consumer-aligned focus that prevents a threat from e-commerce.\u201d<\/em><\/p>\n<p><em>Image\u00a0courtesy of Marcus &amp; Millichap<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A private investor based in southeastern Pennsylvania sold Scott Town Plaza, a 73,634-square-foot neighborhood shopping center in Bloomsburg, Pa., for $5.5 million. At the time of sale, the property was fully leased.<\/p>\n","protected":false},"author":753,"featured_media":1004184525,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,10,1494,21749],"tags":[36815,32997,34836,34437,35635],"class_list":["post-1004184260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-northeast","category-philadelphia","category-retail","tag-amato-properties","tag-giant-food","tag-marcus-millichap","tag-mark-taylor","tag-staples"],"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>Amato Properties Acquires Pennsylvania Shopping Center - 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\/amato-properties-acquires-pennsylvania-shopping-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amato Properties Acquires Pennsylvania Shopping Center\" \/>\n<meta property=\"og:description\" content=\"A private investor based in southeastern Pennsylvania sold Scott Town Plaza, a 73,634-square-foot neighborhood shopping center in Bloomsburg, Pa., for $5.5 million. 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