Sunday, March 12, 2017

HFF closes sale of power center in Pennsylvania’s Lehigh Valley

MacArthur Towne Centre, Whitehall, PA

Chris Munley
 PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of MacArthur Towne Centre, a 151,418-square-foot community retail power center in the Lehigh Valley community of Whitehall, Pennsylvania.

The property was purchased by an affiliate of Abrams Realty & Development.

Anchored by Jo-Ann Fabrics and Craft, American Signature Furniture and 2nd & Charles, the 94.5-percent-leased MacArthur Towne Centre is also home to Party City, David’s Bridal, Aaron’s, H&R Block, T-Mobile and more.  Lowe’s and Kmart shadow-anchor the property.

 Situated on 24 acres at 2524-2590 MacArthur Road, the power center’s location places it along the dominant MacArthur Road retail corridor in the Lehigh Valley, currently one of the foremost growing economies in Pennsylvania. 

MacArthur Towne Centre is approximately three miles from Allentown, the third largest city in Pennsylvania.

The HFF team representing the seller was led by managing director Chris Munley, associate director Michael DiCosimo and senior managing director Jose Cruz.

“The Lehigh Valley is a strong consumer market, which is reflected by consecutive years of job growth and strong medical and industrial sectors,” Munley said.  “MacArthur Towne Centre drew a large audience of investors due to its strategic location and long-term value prospects.”

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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