The Payless Plaza is one of hundreds nationwide and among more than a dozen in southeastern Pennsylvania that are anchored by Topeka, KS-based Payless Shoe Source, a discount footwear retailer. The Holmes shopping center was completed in 1979. It was 100% leased at the time of the sale.
The Philadelphia office of Encino, CA-based Marcus & Millichap, which isheaded by Jeffrey Algatt, arranged the sale. M&M also found the buyer.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
