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Project Profile: Yorktown Centre

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Location: Downtown Erie, Pa.

Size: 196,728 sq. ft.

Developer: Existing property acquired in August 2013 by Phillips Edison-ARC Shopping Center REIT Inc.

Major tenants: Giant Eagle, Panera Bread, The UPS Store, GNC, Wells Fargo, Eat’n Park

Yorktown Centre is located in a densely populated trade area in downtown Erie, Pa., less than a mile from I-79. In addition to the primary trade area’s 71,000 residents, the 1-mile radius includes nearly 310,000 sq. ft. of office space, where more than 11,300 employees work every weekday. Anchor Giant Eagle, the region’s dominant grocer, is currently carrying out a comprehensive renovation of the Yorktown Centre store, which will further strengthen the attraction of this popular, 100% occupied center.

© 2014