The Point

Giant Food Stores buys The Point at Carlisle Plaza

2013-03-28T05:00:00Z 2013-03-28T08:39:22Z Giant Food Stores buys The Point at Carlisle PlazaTammie Gitt, The Sentinel The Sentinel
March 28, 2013 5:00 am  • 

News of Giant Food Store's purchase of The Point at Carlisle Plaza was met with enthusiasm in the Carlisle community, even though plenty of questions remain about the future of the site.

Rumors of the sale circulated in the community during the past few months and were confirmed Tuesday to The Sentinel by Giant spokesman Christopher Brand.

“I can confirm that we did purchase The Point at Carlisle Plaza as we view it as an investment in the Carlisle community, our hometown of 90 years,” Brand said in an email. “There are no plans to announce at this time.”

Brand declined to comment further on information regarding the sale.

According to county records, Giant, under the name Point Plaza LLC, purchased the 15.2-acre property for $7.35 million from Cedar Carlisle LLC in October. The property includes the main building of the mall, as well as the businesses Deals, OfficeMax, Jo-Ann Fabrics and Little Caesar’s, among others. The company didn’t publicize the purchase.

Tax mapping data shows the Lowe’s store adjacent to the enclosed mall is owned separately by Lowe’s Home Centers Inc. The company has owned the site since July 2003. The store opened in 2004.

Borough officials were surprised by the purchase, but confirmed that no plans for the site, at 800 E. High St., have been submitted to the planning commission.

Councilman Matthew Madden, who serves as the chairman of the borough’s economic development committee, said he’s had no luck finding out more about Giant’s intentions.

“At this point, nothing’s come before the economic development committee,” Madden said.

Giant has been an active presence in the community since its founding as the Carlisle Meat Market in 1923. The store has been at six locations in the borough since then, including a 38,000-square-foot store that opened in 1975 at the current site of OfficeMax and Deals on High Street.

Its most recent location, a store on South Spring Garden Street at Carlisle Marketplace, opened in April 1996 as the flagship of the chain. It was remodeled in 2001 and again in 2009 when it was expanded to its current size of about 73,000 square feet.

At the time of the last remodel, Ahold spokeswoman Tracy Pawelski told The Sentinel that the industry standard is to move or remodel stores every 10 years or so.

“We have one of the lowest ages for our stores in the industry, which means that every six to seven years, we remodel stores or we relocate them in order to give our customers the most up-to-date and freshest facilities,” Pawelski said at the time.

Michelle Crowley, president of the Greater Carlisle Area Chamber of Commerce, said she is confident that Giant will continue to be a good neighbor to the community whatever its plans for the site.

“Giant has been a really, really good community partner for a number of years,” Crowley said. “They’ve helped our community and region in a positive way.”

The corporation has relocated some of its divisions to the area, bringing with it jobs, she said. The company has also expanded its warehouse facilities.

“We know who the owner is now. They’re not an absentee landlord,” Crowley said.

The property is still listed as having available space on the website for Fameco Real Estate, the leasing agent for The Point at Carlisle Plaza. The site indicates that spaces are available ranging from 700 to 15,000 square feet with a negotiable rental rate.

Late last month, Rick Weinberg of Fameco said there were no plans for the site other than to fill the open spaces. He said that, contrary to rumors, rents were not being increased to force stores from the mall.

Employees working at stores inside the mall said they had been given no insight into Giant’s plans.


Posted at 6:30 p.m. Tuesday, March 26 on Cumberlink:

Giant Food Stores has confirmed the company purchased The Point at Carlisle Plaza.

“I can confirm that we did purchase The Point at Carlisle Plaza as we view it as an investment in the Carlisle community, our hometown of 90 years,” said spokesman Christopher Brand in an email. “There are no plans to announce at this time.”

The property is still listed as having available space on the website for Fameco Real Estate, the leasing agent for The Point at Carlisle Plaza. The site indicates that spaces are available ranging from 700 to 15,000 square feet with a negotiable rental rate.

According to county data, Giant purchased the property for $7.35 million. The property includes the main building of the mall, as well as the businesses Deals, OfficeMax, Jo-Ann Fabrics and Little Caesar's.

For more on this story, check back to Cumberlink.com.

Copyright 2015 The Sentinel. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

(2) Comments

  1. GrandPa
    Report Abuse
    GrandPa - March 28, 2013 3:53 pm
    Giant ought to stay with its core competency, retail grocery and not get into a whole new line of endeavor like real estate management. That's where corporations get in trouble when they get out of their lane.
  2. cpetrou
    Report Abuse
    cpetrou - March 27, 2013 9:44 am
    Is this a pre-emptive strike from Giant Food Stores to prevent Wegmans Food Market from coming to Carlisle? Or, just a rumored conspiracy theory?
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