AP NEWS

Pennsylvania mall sold again for more than $8 million

November 10, 2019

CRESSONA, Pa. (AP) — A Pennsylvania mall has changed hands again more than four years after its sale by federal marshals.

The (Pottsville) Republican-Herald reports that three limited liability companies spent a little more than $8 million for the Cressona Mall on Friday.

The purchase price was more than $1 million less than the 2015 sale price of the mall located in North Manheim Township, just north of Schuylkill Haven and four miles (6½ kilometers) south of Pottsville.

Cressona Realty LLC bought 55 percent of the mall while Cressona CH LLC acquired 40 percent and Cressona Nassim LLC took 5 percent of the North Manheim Township p

Cressona Mall contains national retailers Advance Auto Parts, Dollar General, Ollie’s Bargain Outlet, Planet Fitness and Staples, among other stores and service businesses.

___

Information from: Pottsville Republican and Herald, http://www.republicanherald.com