Saturday, March 18, 2017

Schottenstein Property Group Sells Shopping Center in Whitehall

Schottenstein Property Group sold the MacArthur Towne Center at 2520-2590 Macarthur Rd. in Whitehall, PA to Abrams Realty & Development LLC for $14.3 million, or about $94 per square foot.

The 151,418-square-foot retail community center was 95 percent occupied at the time of sale, anchored by American Signature Furniture. Other key tenants include Jo-Ann Fabric, David's Bridal, 2nd & Charles, Aaron's, T-Mobile and Party City. The center is shadow-anchored by Kmart and Lowe's, which were not included in the deal.

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