Waynesboro plaza changes hands
WAYNESBORO, Pa. - A Baltimore real estate investment firm plans to renovate and expand Wayne Heights Plaza, a spokeswoman for the company said Tuesday.
Jennifer Reuling, property manager for Mid-Atlantic Realty Trust, said her company last month bought the 109,000-square-foot mall for $3.5 million.
According to Washington Township Manager Mike Christopher, two acres on the property on Pa. 16 east of Waynesboro remain undeveloped.
Reuling said renovation would begin in the near future. Reuling said Mid-Atlantic has no immediate plans for the mall.
About 85 percent of the mall's retail space is leased to national and regional tenants, she said.
Among them are Ames Department Store, Eckerd/Thrift Drug Store, Martin's Food Market, Family Arcade and Hardee's and Golden Corral restaurants.
Christopher said existing stores and restaurants in the mall could expand to better serve their customers.
"The Wayne Heights purchase, MART's first Pennsylvania property, is in furtherance of MART's strategy of concentrating its investments in the Mid-Atlantic states," said LeRoy E. Hoffberger, chairman of the board, in a press release.