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| MacArthur Towne Centre, Whitehall, PA |
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| 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 | www.hfflp.com
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