{"id":1004492056,"date":"2020-11-11T06:07:22","date_gmt":"2020-11-11T14:07:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004492056"},"modified":"2020-11-12T23:25:42","modified_gmt":"2020-11-13T07:25:42","slug":"triple-bar-group-buys-pennsylvania-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/triple-bar-group-buys-pennsylvania-shopping-center\/","title":{"rendered":"Triple Bar Group Buys Pennsylvania Shopping Center"},"content":{"rendered":"<div id=\"attachment_1004492062\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/York-Marketplace.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004492062\" data-attachment-id=\"1004492062\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/triple-bar-group-buys-pennsylvania-shopping-center\/york-marketplace\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/York-Marketplace.jpg\" data-orig-size=\"977,732\" data-comments-opened=\"0\" 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;1605061380&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;1&quot;}\" data-image-title=\"York Marketplace\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;York Marketplace&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/York-Marketplace.jpg?w=977\" width=\"300\" height=\"225\" class=\"wp-image-1004492062 size-medium\" alt=\"\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/York-Marketplace.jpg\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/York-Marketplace.jpg 977w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/York-Marketplace.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/York-Marketplace.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004492062\" class=\"wp-caption-text\">York Marketplace. <em>Image courtesy of Institutional Property Advisors<\/em><\/p><\/div>\n<p>Triple Bar Group\u2014a partnership of J.C. BAR Properties, Triple Crown Corp. and Weathervane Capital Partners\u2014has bought York Marketplace, a 305,000-square-foot shopping center in York, Pa. Following a $38.5 million acquisition in 2016 from Cedar Realty Trust for, ShopCore Properties sold the grocery-anchored property in a deal brokered by Institutional Property Advisors, according to public records.<\/p>\n<p>IPA\u2019s Senior Managing Director Brad Nathanson represented the seller and identified the buyer, while Michael Helpern and Chris Marks of IPA Capital Markets arranged acquisition financing. The team decided on a 10-year, full-term interest-only deal, Helpern said in prepared remarks. J.C. BAR Properties will act as manager for the asset.<\/p>\n<p>The property was 98 percent occupied at the time of the sale and is anchored by tenants, such as Giant Food Stores on 74,541 square feet, Lowe\u2019s Home Improvement on 125,353 square feet and Premium Fine Wine &amp; Good Spirits on 12,500 square feet, Nathanson&nbsp;said in a prepared statement.<\/p>\n<p>York Marketplace is positioned at 2501 E. Market St., next to York Mall Shopping Center. Central York is roughly three miles west of the site, while Interstate 83, the main connection between Baltimore and Harrisburg, Pa., is 1 mile away.<\/p>\n<p>Earlier this year, IPA also negotiated the disposition of Chapel Hill, a&nbsp;shopping center just under 460,000-square-foot in Cuyahoga Falls, Ohio. The Burlington- and Giant Eagle-anchored asset <a href=\"https:\/\/www.commercialsearch.com\/news\/ohio-shopping-center-trades-for-46m\/\">traded for $46 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 305,000-square-foot property in York is anchored by Giant Food Stores and Lowe&#8217;s Home Improvement.<\/p>\n","protected":false},"author":739,"featured_media":1004492062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,11,21742,21749],"tags":[32997,35230,38056,36399,38054],"class_list":["post-1004492056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-midatlantic","category-latest","category-retail","tag-giant-food","tag-institutional-property-advisors","tag-j-c-bar-properties","tag-lowes","tag-triple-crown-corporation"],"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>Triple Bar Group Buys 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\/triple-bar-group-buys-pennsylvania-shopping-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Triple Bar Group Buys Pennsylvania Shopping Center\" \/>\n<meta property=\"og:description\" content=\"The 305,000-square-foot property in York is anchored by Giant Food Stores and Lowe&#039;s Home Improvement.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/triple-bar-group-buys-pennsylvania-shopping-center\/\" \/>\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=\"2020-11-11T14:07:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-13T07:25:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/York-Marketplace.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"977\" \/>\n\t<meta property=\"og:image:height\" content=\"732\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\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\\\/triple-bar-group-buys-pennsylvania-shopping-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/triple-bar-group-buys-pennsylvania-shopping-center\\\/\"},\"author\":{\"name\":\"Beata Lorincz\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/23f841021ddf3b38ebc56abefe1d6004\"},\"headline\":\"Triple Bar Group Buys Pennsylvania Shopping Center\",\"datePublished\":\"2020-11-11T14:07:22+00:00\",\"dateModified\":\"2020-11-13T07:25:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/triple-bar-group-buys-pennsylvania-shopping-center\\\/\"},\"wordCount\":246,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/triple-bar-group-buys-pennsylvania-shopping-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/11\\\/York-Marketplace.jpg\",\"keywords\":[\"Giant Food\",\"Institutional Property Advisors\",\"J.C. 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