This Retail Property is Off-Market.

40 Shippensburg Shopping Center
Shippensburg, PA 17257 ·

Retail For Lease

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Shippensburg Shopping Center

Rental Rate N/A Property Type Retail
Total Space Rentable 112,685 SF Property Sub-type Neighborhood Center
Min. Divisible 1,594 SF Gross Leasable Area 135,000 SF
Max. Contiguous 83,442 SF
Listing ID: 18259542 Date Created: 07/12/2013 Last Updated: 01/27/2014

6 Spaces

Display Rental Rate as

Space 1

Space Available 83,442 SF Lease Type NNN
Min. Divisible 15,000 SF Date Available Jul 2013
Space Type Neighborhood Center

Space 2

Space Available 13,146 SF Lease Type NNN
Space Type Neighborhood Center Date Available Jul 2013

Space 3

Space Available 8,436 SF Lease Type NNN
Space Type Neighborhood Center Date Available Jul 2013

Space 4

Space Available 3,780 SF Lease Type NNN
Space Type Neighborhood Center Date Available Jul 2013

Space 5

Space Available 1,594 SF Lease Type NNN
Space Type Neighborhood Center Date Available Jul 2013

Space 6

Space Available 2,287 SF Lease Type NNN
Space Type Neighborhood Center Date Available 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).

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

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