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Local partnership purchases Springettsbury Township retail shopping center
Ioannis Pashakis//November 16, 2020
Local partnership purchases Springettsbury Township retail shopping center
Ioannis Pashakis//November 16, 2020
A Springettsbury Township, York County retail shopping center was recently acquired by Triple BAR Group, a partnership made up of two midstate real estate firms and a Key Largo-based private equity real estate firm.
Triple BAR Group announced last week that it acquired York Marketplace, a 305,000-square-foot shopping center featuring anchor stores such as Giant, Lowe’s and Red Lobster.
The group consists of York-based J.C. BAR Properties, Harrisburg-based Triple Crown Corp. and Key Largo, Florida-based Weathervane Capital Partners.
York Marketplace is located at 2501 E. Market St. at a strategic location with significant frontage along East Market Street, the Triple BAR wrote in a press release.
“The 20-minute drive time demographic shows an impressive 229,084 people with household incomes of more than $79,555 and daytime employment demographics equally as strong with 125,057,” the group wrote.
A majority of the center’s square footage is currently in use, but 3,060 square feet is expected to become available sometime in 2021.
The center was purchased by Chicago-based ShopCore Properties at an undisclosed sale price.
