The retail property located at 2901 East College Ave. in State College, PA, specifically the Macy's Box at Nittany Mall, was recently sold for $3,500,000. The buyer, HFL Corporation, acquired the asset from the seller, Namdar Realty Group represented by Gil Loloi. Spanning 95,000 square feet, the property was valued at approximately $36 per square foot.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $3,500,000
• Address: 2901 East College Ave. (Macy's Box at Nittany Mall), State College, PA
• Market: State College, PA

Namdar Realty Group, through its representative Gil Loloi, expressed a strong interest in acquiring income-producing properties such as malls, shopping centers, strip malls, single tenant net lease (STNL) properties, office buildings, medical buildings, residential buildings, mixed-use developments, multifamily properties, and performing or non-performing bank notes. Their acquisition criteria included properties of any size and price, with a preference for all-cash transactions and favorable terms. They also offered a comprehensive list of properties for sale, catering to various categories of investors, buyers, and developers, including those engaging in 1031 exchanges.

All brokers were assured of protection by Namdar Realty Group, and they were encouraged to contact Gil Loloi at [email protected] or (516)926-3327 for more information regarding the company's acquisition criteria and available properties for disposition.