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Project Profile: Yorktown Centre

BY CSA STAFF

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.

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Project Profile: Marlton Crossing

BY CSA STAFF

Location: 101 S. Route 73, Marlton, N.J.

Size: 333,255 sq. ft.

Developer: Brixmor Property Group

Major tenants: T.J. Maxx, DSW, HomeGoods, Michaels, Burlington Coat Factory, Five Below

Status: Completed

Located in an affluent trade area with a 5-mile average household income of more than $117,000, Marlton Crossing is anchored by a strong mix of national retailers, including Burlington Coat Factory, DSW, HomeGoods and T.J. Maxx. It recently expanded onto adjacent property with a 22,000-sq.-ft. Michaels, which opened in October 2013.

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Project Profile: Thornwood Village Center

BY CSA STAFF

Location: Thornwood, N.Y., in Westchester County

Size: 20,175 sq. ft.

Developer: DLC Management Corp.

Major tenants: Walgreens

Status: Complete

DLC completely redeveloped Thornwood Village Center located at the most prominent intersection in central Westchester County. The project involved the partial demolition and reconstruction of a 40-year-old structure, while keeping all tenants open and operating throughout the construction phase. A 12,422-sq.-ft. Walgreens anchors the center, which serves a population of 89,845 residents within a 5-mile radius. Average annual household income is $177,668.

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