Friday, September 17, 2010

The Hampshire Cos. Pays $6.3M for Allentown Shopping Center.

"The Hampshire Cos., along with MCB Real Estate LLC, has purchased the Airport Plaza at 1135 Airport Road in Allentown, PA, from an affiliate of the Rosen Group for $6.25 million, or about $75 per square foot.

The 84,000-square-foot shopping center is 95% occupied at the time of sale. It delivered in 1962 and is anchored by a 56,000-square-foot Redner's Warehouse Market.

Hampshire Cos. & MCB Real Estate represented themselves in the transaction."

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