CAMBRIA COUNTY, Pa. (WTAJ) — The Johnstown Galleria sold Thursday at auction to an out-of-state buyer.
Managing Director and Senior Advisor at SVN Three Rivers Commercial Advisors in Pittsburgh Jason Campagna said the shopping mall sold through online commercial real estate website Ten-X to an investor from California.
Campagna explained the winning bidder has 45 days to close the sale of the property but could not disclose the bid amount or the name of the buyer until the close of escrow.
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The buyer reportedly did not say what is intentions are for the property. However, Campagna said the buyer owns other retail investments.
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