Cedar Shopping Centers recently purchased the 408,000-square-foot Columbia Mall in Bloomsburg, Pa.

The value of the transaction was approximately $14 million.

The Columbia Mall is anchored by a 64,000-square-foot Sears, a 45,000-square-foot Bon Ton and a 34,000-square-foot J.C. Penney. The property is a candidate for redevelopment and has a substantial vacancy (approximately 100,000 square feet) attributable primarily to a former Ames store.

The sellers in the transaction were not disclosed.

Cedar Shopping Centers Inc. is a self-managed real estate investment trust.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Announcing Inman Connect Now, our first fully digital event.Get Tickets×