225 Columbia Mall Dr - Michael's Stores 16,241 SF Retail Condo Unit Offered at $3,653,682 CAD in Bloomsburg, PA 17815

UPDATE: Amazon just purchased a data center in Berwick less than 15 miles from the interchange for $650,000,000. TikTok and Meta are both building 1M SF data centers around it. Several new townhome and apartment developments are going in on sites surrounding the mall creating significantly more demand within the submarket. TRAFFIC: Placer.ai data shows 842,000 monthly site visits at the interchange with Columbia Mall receiving 246,000+ The subject property is a Michael’s Stores located at the Columbia Mall in Bloomsburg, PA. The investment offers a corporate guaranty from Michael’s Stores, Inc with a new 10-year lease. The tenant opened for business November 20, 2024. The rent commencement is May 1, 2025. The space has been completely renovated with new roof, HVAC, plumbing, electrical, and parking lot. The mall continues its process of being completely transformed into an open air lifestyle mixed use center. Geisinger Health Systems is developing a hospital campus adjoining the mall and will be pedestrian between the two developments. This will make it very easy to work, live, and shop all in the same place. The property is in close proximity to Bloomsburg University with a student enrollment of approximately 9,600 students with a storied history being founded in 1839. It’s the 3rd largest of the 14 universities in Pennsylvania. It made the list of top universities in the northern region according to U.S. News and World Reports annual rankings. Bloomsburg is located in Columbia County and is 40 miles from Wilkes-Barre. It’s the county seat and the only incorporated town in PA.