Monday, June 15, 2015

Shoppes at Susquehanna Marketplace Trades

by Steve Lubetkin,
Stanbery Development has sold its Shoppes at Susquehanna Marketplace, a 110,365 square foot lifestyle center in Harrisburg, PA, to Clarion Partners.

“The Shoppes at Susquehanna Marketplace is a unique, one-of-a-kind center that captures the market for lifestyle shopping in the greater Harrisburg MSA. Given its prominent location and its exposure to Central Pennsylvania at I-81 and I-83, two of the busiest interstates in Pennsylvania, the shopping center will continue to capture best of class tenants among the specialty fashion/restaurant sectors.”

Built in 2004, The Shoppes at Susquehanna Marketplace has such major tenants as Banana Republic, Romano’s Macaroni Grill, White House Black Market, Chico’s, and Williams-Sonoma. It was 94 percent occupied at the time of the sale and has recently added significant tenants to broaden its appeal, including J. Crew Factory, Athleta, Hand and Stone Massage & Facial Spa, and Harvest Seasonal Grill & Wine Bar.

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