225 Columbia Mall Dr., Bloomsburg, PA 17815
Capital Commercial Partners is pleased to bring to market Columbia Regional Mall, a 363,000 +/- SF regional mall on 34.95 acres located in the path of all new development in Bloomsburg, PA. The investment offers an unprecedented opportunity for a complete transformation of the mall.
The overall mall redevelopment plan is for an open air lifestyle center. The plan includes full de-malling with removal of all common area interior corridor space and the addition of up to 375 “Class A” apartment units ($60M+ development). The hospital campus is expected to bring 2,000 new employees and the mall redevelopment and hospital campus will be pedestrian between the two developments making very easy to work and live surrounded by amenities all within walking distance.
Geisinger Health Systems paid $19M for two adjoining sites to build a hospital campus surrounding the mall.
The demand for space is going to skyrocket over the next 6-12 months in order for tenants to be near the new hospital campus.
Webstaurant recently completed it’s 540,000 SF logistics facility across the street due to its strategic location at the crossroads of I-80 & Route 42 and its close proximity to the eastern seaboard.
The mall sits just off the I-80 interchange with 35,000 vehicles per day and 11,000 vehicles per day on Route 42. It is close to Bloomsburg University with a student enrollment of approximately 9,900+ students. Bloomsburg U has a storied history being founded in 1839. It’s the 3 Rd 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.
Rare opportunity to redevelop and control 363,000 SF regional mall on 34.9 acres
Priced at a fraction of replacement cost; only $55.09 PSF
Geisinger Health Systems purchased 2 sites adjoining the mall for $19M to develop a new hospital campus
Potential for up to 375 “Class A” apartments units to be built on mall site supporting Geisinger employees
Cost to duplicate 363,000 SF is in excess of $80M
Michael’s Stores ready to take 15,000 SF of mall space ASAP
Other investment opportunities
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