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ALLENTOWN, PA-Chinese American Buffet has signed a lease for a 6,000-sf restaurant at Allentown Shopping Plaza, a 71,873-sf neighborhood shopping center at 1302 Hanover Ave. Hillsborough, NJ-based Larken Associates acquired the center this March and is in the process of redeveloping it into a complex of five freestanding buildings.

The redevelopment includes partial demolition and construction of four new buildings. A 7,500-sf Family Dollar store remains. The exterior façade of the existing buildings is being updated to include brick veneer, and a covered walkway is being added. According to public records, Larken paid $3.9 million for the property, as GlobeSt.com previously reported. It was built in 1986 and is located on 6.5 acres at the intersection of Hanover Ave. and N. Maxwell St.

Victor Kelly, a Larken principal and VP of Raider Realty, which is the exclusive leasing agent, says one building will have a drive-through space for a bank or pharmacy. He says additional prospects are a dry cleaner, laundromat, hair and nail salon and more restaurants and also says the complex can accommodate professional office and medical space users.

Robert Marek, also a Raider VP, says in a statement, “The addition of Chinese American Buffet signifies (the center) has begun its transformation into a pedestrian-friendly destination that will fully serve the shopping and entertainment needs of this community.” The rental rate and aggregate capital investment are undisclosed.

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