HFF Arranges Sale of 293,607-Square-Foot Retail Center in Northern Pennsylvania

GIANT Food & Drugstore anchors Loyal Plaza, a 293,607-square-foot shopping center in Williamsport, Pennsylvania. GIANT Food & Drugstore anchors Loyal Plaza, a 293,607-square-foot shopping center in Williamsport, Pennsylvania.

Williamsport, Pa. — HFF has arranged the sale of Loyal Plaza, a 293,607-square-foot retail center located in Williamsport, Pennsylvania.

Chris Munley and Michael DiCosimo of HFF represented the undisclosed seller in the transaction. Michael Klein and Neil Campbell, also of HFF, represented the buyer, PAG Investments, in securing a floating-rate acquisition loan. The sales price and terms of the loan were undisclosed. Anchored by GIANT Food & Drugstore and Kmart, Loyal Plaza was 94 percent leased at the time of the sale to tenants including Rite-Aid, Red Lobster, BB&T Bank, Dollar Tree, Verizon Wireless and Staples.

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