HARRISBURG, PA-Construction of High Pointe Commons, a 311,000-sf shopping center at the intersection of Interstate 283 and Lindle Road, has begun. The developer is a 50/50 joint venture between Lancaster-based High Real Estate Group and the Boston regional office of Chattanooga, TN-based CBL & Associates Properties. Completion is scheduled for October 2006. A 127,000-sf Target, the second in eastern Harrisburg, and a 99,000-sf J.C. Penney are anchors. The retailers each own their properties, a spokesperson for CBL tells GlobeSt.com and the Penney store represents a debut of that company's new off-mall prototype. An additional 15,000-sf outparcel is available.
This is the first JV by these partners and High Real Estate's first foray into the retail sector, according to a statement by H. Stephen Evans, managing director. He says this is "one of several retail projects we are pursuing in South Central Pennsylvania…[to] expand and diversify the company's existing portfolio of industrial, office, multifamily and hotel properties." It currently owns and operates nine million sf throughout the Eastern US. Evans tells GlobeSt.com the same JV plans to break ground for York Town Center, a 300,000-sf open-air "hybrid of small shops and power center retailers," early next year.
There will be at least two outparcel pads, Evans says, declining to disclose the identities of the retailers that plan to locate there. The center will be at the intersection of US 30 and Mt. Zion Road near York.
Greenfield Architects Ltd. and High Construction Co., both Lancaster-based affiliates of High Real Estate, are High Pointe Commons' designer and general contractor, respectively. CBL will handle management and leasing. The CBL spokesperson declined to disclose an estimated construction cost as did Evans.
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