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June 22nd, 2012

Harrisburg Mall Purchased by Maryland Developers

The Harrisburg Mall will be under renovations in the near future as two new developers decide that the city of Harrisburg is a good investment. The developers from Maryland purchased the property for an undisclosed amount. They were attracted by the local community of more than 360,000 people within a 10-mile radius. “We bought the mall at an attractive price. We looked at the Harrisburg market for a long time, looking to enter. This presented the opportunity to do that.” One developer said. The Harrisburg Mall has seen a roller coaster over the last five years of revitalization, default, foreclosure, and auction. The new developers promise that “consumers will be seeing positive, for the better, change.”

See the full story on PennLive.com.

Summary written by Nicolas Shearer, CREDC Intern


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