SITE Centers Corp. has sold a retail portfolio consisting of three premier neighborhood shopping centers spanning Pennsylvania, Ohio and New Jersey markets for $126 million.
JLL represented the seller in the sale of the portfolio to Haverford Retail Partners.
The portfolio includes Southmont Plaza in Easton, Penn.; Stow Community Shopping Center in Stow, Ohio; and East Hanover Plaza in East Hanover, N.J. The three properties total nearly 770,000 square feet of gross leasable area and maintain an aggregate occupancy rate of 99 percent across 46.8 acres of prime retail real estate.
Southmont Plaza, the portfolio's flagship asset, encompasses 250,939 square feet, anchored by Dick's Sporting Goods and Best Buy, with Lowe's serving as a shadow anchor. The property's diverse tenant roster includes national retailers Ross Dress for Less, Barnes & Noble, Staples, Michaels, Texas Roadhouse and Panera Bread. Located at the intersection of Route 33 and Birkland Place i
