HARRISBURG, PA–Stanbery Development has sold its Shoppes at Susquehanna Marketplace, a 110,365 square foot lifestyle center in Harrisburg, PA, to Clarion Partners.
Brad Nathanson and Thomas Gorman of CBRE represented the seller and identified the buyer in the transaction.
“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,” says Nathanson, executive vice president with CBRE's Capital Markets group. “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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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
