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Shoppes at Susquehanna sold for $33.5M
The Shoppes at Susquehanna Marketplace in Susquehanna Township has changed hands for the second time in nearly four years.
According to Dauphin County deed records, an investment company from White Plains, New York, has paid $33.5 million to buy the 110,384-square-foot upscale shopping center off Interstate 81. The new owner is listed as 2547 Brindle Drive Owner LLC.
The Shoppes is home to several specialty fashion and restaurant tenants such as Susquehanna Harvest Seasonal Grill & Wine Bar, Romano’s Macaroni Grill, White House Black Market, Chico’s, Banana Republic and Williams-Sonoma.
Only one small vacancy existed in the center at the time of the deal.
In May 2015, Clarion Partners, a New York City-based real estate investment manager, paid $44 million for the property. Clarion purchased the center from Stanbery Development, which acquired the property for the center in 2003 for about $5.3 million. The center opened in 2004.
Craig Dunkle of Marcus & Millchap Inc. in Philadelphia represented the buyer in the latest deal, according to CoStar. Marcus & Millichap also listed the property.
