CBRE Arranges Sale of Chambersburg Crossing at 925 Norland Avenue, Chambersburg, PA

CBRE National Retail Partners has arranged the sale of Chambersburg Crossing at 925 Norland Avenue in Chambersburg, PA. U&Me Properties acquired the prominent 265,306 sq. ft. shopping center from KPR Centers.

The CBRE team of Ryan Sciullo, Chris Munley, Colin Behr, Casey Benson Smith, RJ Mirabile and Michael Pascavis arranged the sale and represented the seller in the negotiations.

“Chambersburg Crossing is a market-dominant, Giant anchored and Target shadow-anchored shopping center with superregional pull,” said Behr. “The Giant location is one of the top visited stores in the chain and is complemented by a diverse mix of national tenants, making this property one of the most stable investments in the market.”

The high-performing retail asset is co-anchored by Kohls, Michaels, Staples and Petsmart. In addition to its destination anchors, Chambersburg Crossing provides an excellent collection of national and regional chain tenants, including Five Below, rue21, Subway, Great Clips, Xfinity, and Rally House. The property also benefits from an unmatched collection of restaurant shadow pad users, including Panera Bread, Chipotle, Red Robin, and MODPizza.

“We were extremely pleased to bring the parties together and negotiate a smooth transaction that was a win for both,” added Munley. “The asset offered a secure, durable revenue stream featuring an essential, well-established tenant base anchored by the dominant grocer in a high-traffic location.”CBRE National Retail Partners has arranged the sale of Chambersburg Crossing at 925 Norland Avenue in Chambersburg, PA. U&Me Properties acquired the prominent 265,306 sq. ft. shopping center from KPR Centers.