CBRE Arranges Sale of 342,600-Square-Foot Shopping Center in Pennsylvania

by Camren Skelton

Mechanicsburg, Penn. — CBRE has arranged the sale of Silver Spring Square, a 342,600-square-foot shopping center in Mechanicsburg.

Brad Nathanson and John Colussi of CBRE arranged the transaction on behalf of the seller, DDR Corp., and identified the buyer, The Wilder Cos., in partnership with an institutional real estate fund. The sales price was not disclosed. A 126,240-square-foot Wegmans Supermarket anchors the center, which was 98 percent leased at the time of sale, and Target and Kohl’s shadow-anchor the property. Additional tenants include Best Buy, Ross Dress for Less, Bed Bath & Beyond, Petco, Lane Bryant and Ulta Beauty, as well as seven pad sites, which house tenants such as Advance Auto Parts, Longhorn Steakhouse, Chilis, PNC, Chick-fil-A, Panera Bread and Wells Fargo Bank.

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