Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Year Built 1971
Building Area
Land Area ()

Property Description

The Property is a 910,482 square foot super-regional mall situated on a 97.39 acre site in Wilkes Barre, Pennsylvania. The Property is comprised of four department stores (all under control of mall ownership), a detached retail strip center, an automotive service building and three outparcels. The Property is currently anchored by Macy’s and JC Penney, and features numerous in-line retailers including Bath & Body Works, Lenscrafters, Victoria's Secret and Shoe Dept. Encore.

Investment Highlights

  1. Owned Anchors - Ownership controls entire mall footprint.
  2. Significant Land Area - Parcel includes 97.39 Acres.
  3. In-Place Cash Flow - Positive in-place cash flow.
  4. Investment Opportunity - Two vacant anchors allows for potential: re-tenant, redevelopment, repositioning, removal, alternative-uses.
  5. National Tenancy - Macy's, JCPenney, American Eagle Outfitters.
  6. Dominant Retail Corridor - Benefits from significant presence of nearby national retailers and access.
Last Updated Date: 08 Jun 2021
Claudia Steeb
Claudia Steeb
Managing Director
Broker Licenses
PA-RS154256-A
Dave Monahan
Dave Monahan
Senior Managing Director, Capital Markets

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Last Updated Date: 08 Jun 2021

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