www.marejournal.com P ennsylvania S potlight C entral PA Designed by RLPS Architects of Lancaster, PA LandisHomesawardsHighConstructionwith$22m contract to provide construction mgmt. services L ITITZ , PA — High Construction Com- pany was awarded a M id A tlantic Real Estate Journal — Central Pennsylvania — September 16 - 29, 2016 — 5C
$22 million contract to provide construction management services for a new Learning & Wellness Center for Landis Homes in Lititz. Construction will include the demolition of nine existing cot- tage buildings containing 30 homes currently located at the site. The new facility will be com- pleted at the beginning of 2018. High Construction has been involved with the project since December 2014, providing es- timating, value engineering, scheduling, and other precon- struction services to support the planning and design for the facility. Designed by RLPS Archi- tects , the new center will be located in the heart of the Landis Homes community, HARRISBURG, PA — CBRE Group, Inc. (CBRE) has brokered the sale of the partnership interests in High Pointe Commons, a 354,789 s/f regional community shopping center located off I-283 in Har- risburg for a purchase price of $33.8 million. Built in 2006 and expanded in 2008, High Pointe Com- mons is anchored by a 124,714 s/f Target and a 98,289 s/f off-mall JCPenney, both of which were not included in the sale. Included in the pur- chase was 131,796 s/f of retail space anchored by Christ- mas Tree Shops, Chili’s, Fa- mous Footwear, Lane Bry- ant, Sleepy’s, and a newly constructed 13,205 s/f Petco, which will be opening this fall. CBRE’s Brad Nathan- son represented the seller, a joint venture between High Real Estate Group LLC and CBL & Associates Proper- ties, Inc. The purchaser was Unison Realty Partners out of Boston, MA. CBRE’s Thomas Gorman represented the purchaser in arranging the
Learning & Wellness Center for Landis Homes in Lititz
spanning 105,000 s/f in four stories. Spaces for learning, wellness, community, and liv-
auditorium, and a classroom. Also within the footprint are 22 residential living apart-
ing are planned, including an indoor pool, exercise space, bistro, salon, pharmacy, bank,
ment homes, offering four floor plans, ranging from one to two bedrooms. n
CBRE’s Nathanson represents seller, a joint venture betweenHigh Real Estate Group &CBL&Associates
financing for the acquisition. Nathanson said, “High Pointe Commons represents some of the highest quality construction and aesthetics of a shopping center within all of central Pennsylvania contributing to capturing a best of class tenancy. Owner- ship was ahead of their time in 2005 by developing one of the first off-mall JCPenney locations, which has been a major success with the recent addition of Sephora and Dis- ney stores within the store. High Pointe Commons is well positioned along one of the busiest interstate connectors in all of central Pennsylvania, fronting I-283. I- 283 brings retail customers from Route 322, fromHershey to the east, as well as I-76 to the south and I-83 from Harrisburg CBD. With high historical oc- cupancy and the recent addi- tion of Petco on one of the last pad sites at the property, the superior location will allow the new ownership to continue with success driven by a high volume Target.” n
High Pointe Commons
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