Historical Retail Lease Listing - Shippensburg Shopping Center

Retail For Lease

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Shippensburg Shopping Center

40 Shippensburg Shopping Center, Shippensburg, PA 17257

N/A

112,685 SF | Retail

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Retail Property - Off Market

Total Space Rentable:
112,685 SF
Rental Rate:
N/A
Min. Divisible:
1,594 SF
Max. Contiguous:
83,442 SF
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Gross Leasable Area:
135,000 SF
Listing ID
18259542
Last Updated
267 days ago

6 Spaces

Space 1

  • 83,442 SF
  • N/A
  • Neighborhood Center
  • 15,000 SF
  • NNN
  • Jul 2013

Space 2

  • 13,146 SF
  • N/A
  • Neighborhood Center
  • NNN
  • Jul 2013

Space 3

  • 8,436 SF
  • N/A
  • Neighborhood Center
  • NNN
  • Jul 2013

Space 4

  • 3,780 SF
  • N/A
  • Neighborhood Center
  • NNN
  • Jul 2013

Space 5

  • 1,594 SF
  • N/A
  • Neighborhood Center
  • NNN
  • Jul 2013

Space 6

  • 2,287 SF
  • N/A
  • Neighborhood Center
  • NNN
  • Jul 2013

Description

New owners recently purchased the Shippensburg Shopping Center. The new owners have a track record of turning around mismanaged shopping centers. They anticipate a full renovation of the shopping center including new facades throughout, a new pylon sign at the main entrance and landscape and parking lot improvements. Ownership is currently in talks with two anchor retailers to backfill the former Kmart space. Renovations will start 4th quarter 2013.

Shippensburg is located in South Central Pennsylvania, approximately 30 minutes west of Harrisburg. The town is ideally located one mile off Interstate 81 and two miles from Shippensburg University. Despite current economic times, Shippensburg is growing. From the 2000 census to the 2010 census, population in Shippensburg increased 20%. In 2011, Volvo North America committed to relocating one of its manufacturing facilities to Shippensburg. The relocation entails building a new $100 million dollar facility (currently under construction) which is expected to create over 1,000 jobs. Additionally, Shippensburg University, a Pennsylvania state funded university is expanding its student housing facilities to accommodate increasing student enrollment. Walmart and Lowe' s have recently opened stores within the market (both are located across the street from our shopping center).

Map of 40 Shippensburg Shopping Center, Shippensburg, PA 17257 (Cumberland County)

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