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**CBRE Facilitates Sale of Grocery-Anchored Ephrata Commons in Pennsylvania**
CBRE has successfully arranged the sale of Ephrata Commons, a 54,810-square-foot grocery-anchored shopping center located at 385 North Reading Road in Ephrata, Pennsylvania.
S&S Singh Partners acquired the property from Heidenberg Properties Group for an undisclosed amount. The transaction was facilitated by CBRE’s National Retail Partners team, including Chris Munley, Colin Behr, Ryan Sciullo, and Casey Benson Smith, who represented the seller.
Ephrata Commons is anchored by regional grocer Redner’s Markets and hosts a range of retail tenants such as Tigon’s Nail & Spa, Wild Wings & Pizza, and Gehman Jewelers.
“Our team was able to secure a buyer for Ephrata Commons in an off-market transaction through our connectivity in the 1031 exchange market,” said Colin Behr. “With a deadline to close by year-end, the buyer was attracted to this asset due to deal size, grocery anchor, and stable, in-place cashflow, which made it a perfect fit for a 1031 exchange.”
The deal highlights continued investor demand for well-located, necessity-based retail assets with consistent income streams.
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