JLL Arranged the Sale of Gettysburg Marketplace
JLL Capital Markets arranged the sale of Gettysburg Marketplace, an 85,488 square-foot shopping center in Gettysburg, Adams County, Pa.
PHILADELPHIA – Mar. 11, 2019 - JLL Capital Markets arranged the sale of Gettysburg Marketplace, an 85,488 square-foot shopping center in Gettysburg, Adams County, Pa. Glen Una Management purchased the site. JLL Managing Director Jim Galbally and Senior Vice President Colin Behr led the team handling the sale, along with Managing Director Bill Moylan and Vice President Nate Cleland.
“We had a tremendous amount of investor interest due to Giant’s excellent sales history at Gettysburg Marketplace,” said Galbally. “Both seller and buyer were great to work with which ultimately made for a great process on both sides.”
The shopping plaza, located at 44 Natural Springs Road, is anchored by Giant Food Stores. Other national and regional tenants include Pet Valu, Papa Johns, Sally Beauty, AT&T Wireless and Arby’s. Gettysburg Marketplace is the dominant retail shopping center in the area and currently sits at 90 percent occupancy.
“The dynamics of the Gettysburg market, tourism, college town, etc., combined with Giant’s dominant performance and commitment to the shopping center, made this an attractive asset,” said Behr. “The rest of the tenant lineup speaks for itself with all national, established tenants which further drove the process of getting Gettysburg Marketplace sold.”
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com