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Power Center Retail Property for Sale in Growing Lehigh Valley, Pennsylvania

Thursday, January 14, 2016

HFF has obtained the exclusive rights to sell MacArthur Commons, a retail property power center located in one of Pennsylvania's fastest growing areas.
MacArthur Commons PennsylvaniaThe 371,886-square-foot, 100-percent-occupied retail property is located in the Lehigh Valley near Whitehall, Pennsylvania. The town is marked with growing suburbs, new shopping opportunities and a major highway system bringing citizens to the area. To the nearby east lies Lehigh Valley International Airport and Bethlehem, where Lehigh University resides.

Built in 1952, MacArthur Commons features a GIANT Food Stores, Burlington Coat Factory, Dick’s Sporting Goods and T.J. Maxx and is shadow-anchored by a new Walmart Supercenter. The retail property has a history of success as 85 percent of square footage has been occupied for more than a decade, with solid credit tenants and long tenant tenure.

As the area keeps expanding, the retail property offers recognizable brand-name stores with a track record of success and excellent growth potential in the long-run.


Retail Property Investment Benefits

  • Prime Location: The power center resides in Whitehall, which is near Allentown and Bethlehem in Lehigh Valley. The area is the third most populated region in Pennsylvania and is experiencing stellar economic growth.
  • Reputable Stores: The retail property benefits from a number of brand-name stores posting a strong long-term occupancy rate and solid credit tenants.
  • Future Expansion: MacArthur Commons, much like the region it's located in, offers future development and expansion opportunities with available land or restructuring of existing space.
  • Expanding Population: Lehigh Valley is experiencing dynamic population growth with more than 22,000 expected new jobs in the next five years, proximity to big markets like Philadelphia and New York and real estate economic development.

The property is located in the Lehigh Valley, one of the fastest growing areas of Pennsylvania. MacArthur Commons offers multiple value creation opportunities through future development and expansion of existing space. MacArthur Commons is an excellent opportunity to acquire a successful and proven retail property with growth potential in a prime Mid-Atlantic market.

If you are looking for retail properties in Pennsylvania and want more information about the MacArthur Commons, please contact our HFF Philadelphia office.


 






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