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Monday, 12 March 2018

Pennsylvania Mall Sees More Tenant Departures; Loan Moves to Special Servicer

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Commercial Real Estate Direct Staff Report

The Susquehanna Valley Mall in central Pennsylvania, hammered by tenant departures, has seen its $25.7 million CMBS loan transferred to special servicer Rialto Capital Advisors.

The loan is securitized through COMM, 2012-LC4.

Its collateral, 628,000 square feet of the 745,000-sf retail property in Selinsgrove, Pa., some 50 miles north of Harrisburg, Pa., has seen three of its anchor tenants leave. The latest was Bon-Ton Stores Inc., which occupies 90,000 sf under a lease that runs through January 2020. The retailer had filed for bankruptcy last month.

Nearly three years ago, the property lost its JCPenney, which had occupied 68,100 sf, and last year, its Sears store closed. That leaves only a Weis supermarket in 52,532 sf, and a Boscov's in 156,471 sf. But the grocery...


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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • States: Pennsylvania
  • Sector: Retail
  • Subject: Commercial MBS (CMBS), Leases (LSE)
  • Private: Yes
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Data Digest







Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44




cppichart FP



CMBS 2.0 Spreads


Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41





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