Monday, May 12, 2014

Levittown Partners, LLC, Recently Purchased Shopping Center in Levittown

Levittown Partners, LLC, recently purchased the former Giant supermarket at 4595 New Falls Road in Levittown, Bucks County, Pennsylvania. The property was sold by Levittown – ARC, L.P.  

The 40,045 square foot building, situated on 4.6 acres of land, is in the process of being redeveloped into a new shopping center, anchored by Retro Fitness and Dollar Tree. This site has a traffic-lit entrance with off-street parking for 197 cars, and offers large pylon signage directly on New Falls Road, which has an average daily traffic count of 23,700 cars. A 12,000 square foot endcap space and a future pad site of 5,500 square feet are available for lease.

Retro Fitness signed a 10-year lease to occupy a 13,000 square foot space in the redeveloped building. Retro Fitness is a modern personal fitness concept with over 110 locations in 13 states, offering workout equipment, personal training, classes, and a range of member amenities. The Retro Fitness facility is projected to open in Summer 2014.  

Dollar Tree also signed a 10-year lease and will occupy a 12,000 square foot space next to Retro Fitness. Dollar Tree, a well-known discount variety store, operates more than 4,900 stores in North America.

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