(For more retail coverage, click GlobeSt.com/RETAIL.)

HARRISBURG, PA-Construction of High Pointe Commons, a 311,000-sfshopping center at the intersection of Interstate 283 and LindleRoad, has begun. The developer is a 50/50 joint venture betweenLancaster-based High Real Estate Group and the Boston regionaloffice of Chattanooga, TN-based CBL & Associates Properties.Completion is scheduled for October 2006. A 127,000-sf Target, thesecond in eastern Harrisburg, and a 99,000-sf J.C. Penney areanchors. The retailers each own their properties, a spokespersonfor CBL tells GlobeSt.com and the Penney store represents a debutof that company's new off-mall prototype. An additional 15,000-sfoutparcel is available.

This is the first JV by these partners and High Real Estate'sfirst foray into the retail sector, according to a statement by H.Stephen Evans, managing director. He says this is "one of severalretail projects we are pursuing in South Central Pennsylvania…[to]expand and diversify the company's existing portfolio ofindustrial, office, multifamily and hotel properties." It currentlyowns and operates nine million sf throughout the Eastern US. Evanstells GlobeSt.com the same JV plans to break ground for York TownCenter, a 300,000-sf open-air "hybrid of small shops and powercenter retailers," early next year.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.