Clarion Partners, a New York City-based real estate
investment manager, paid $44 million for the Shoppes at Susquehanna Marketplace
in Susquehanna Township, according to Dauphin County tax records.
The deal was brokered by Brad Nathanson and Thomas Gorman
of CBRE.
Ohio-based Stanbery Development acquired the property in
2003 for about $5.3 million. The 110,365-square-foot lifestyle center, which
includes tenants such as Banana Republic, Romano's Macaroni Grill, White House
Black Market, Chico's and Williams-Sonoma, was built in 2004.
The sale took place at the end of May, according to tax
records. The center was 94 percent occupied at the time.
"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 and restaurant sectors," said
Nathanson, executive vice president with CBRE's Capital Markets group.
Other tenants include J. Crew Factory, Athleta, Hand and
Stone Massage and Facial Spa, and Harvest Seasonal Grill and Wine Bar.
Source: Central
Penn Business Journal
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