Heidenberg Properties Group and its joint-venture partner, Strategic Real Estate Partners, have purchased a 100 percent leased retail center in the Lancaster County community of Ephrata, Pennsylvania. The asset, Ephrata Commons, is a 54,810 square-foot, fully-leased, grocery-anchored by Redner’s Warehouse Markets. Other national tenants include RadioShack, Wild Wings & Pizza, Gehman Jewelers, Cecilia’s Beauty Salon and Tokyo Asian Cuisine. The buyers bought the scheme free and clear of existing debt. The vendor, TriGate Capital, was represented by Holliday Fenoglio Fowler during the sale. “Ephrata Commons has a performing grocery-anchor in Redner’s and is well-positioned real estate in the submarket,” said Chris Munley, managing director HFF. “The Central Pennsylvania area continues to get strong interest from the investment community due to its strategic regional location and access to employment.”
