Continental buys Centre at Hagerstown from Washington REIT

Continental buys Centre at Hagerstown from Washington REIT

Published at: 2019-08-30 15:34 | Author: CIJ USA
Continental Realty Corporation has closed on the $23.5 million purchase of Centre at Hagerstown. The 331,000 sqf retail asset located at the intersection of Interstate 81 and National Pike (US Route 40) in Hagerstown, MD is anchored by Bed Bath & Beyond, Marshalls, OfficeMax, PetSmart and Regency Furniture. The property also houses ten pad sites with direct roadside visibility from both highways that features quick service restaurant brands Arby’s, IHOP, KFC, McDonald’s, Panera Bread, TGI Fridays, UNO Pizzeria & Grill, and Wendy’s. Jones Lang LaSalle represented the seller, Washington REIT. At the time of the sale asset was 93 percent leased.

Similar Stories:

Neiman Marcus files for bankruptcy
The luxury department store chain Neiman Marcus has filed for bankruptcy after being consu  »
Simon Property opening 49 U.S. malls this weekend
This weekend, Simon Property Group is planning to open 49 of its malls and outlet centers  »
Grocery sales gain pace in U.S. as in-home consumption trend deepens
The coronavirus outbreak has upended shopping patterns at grocery stores in unexpected way  »
Many U.S. department store chains unlikely to survive the pandemic
Cities across the United States will begin reopening sooner or later and their streets wil  »
“It has finally reached the point where it is the fair-haired child of commercial real e   »
The only new enclosed mall on course to open in Florida is The Mall at University Town Cen   »
As Florida pushes ahead of New York to become the third most populous state in the country   »