6C — April 24 - May 14, 2015 — Shopping Centers — M id A tlantic

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McClernon & Stevens represent buyer and seller in 159,327 s/f sale in Pottstown, PA CBRE completes 281,193 s/f sale of The Shoppes at Montage in Moosic, PA


OOSIC, PA – CBRE has brokered the sale of Shoppes at

Montage, a 281,193 s/f spe- cialty retail center located in Moosic. Kevin McClernon from CBRE’s Wayne office and BobMahoney and Rich Frol- ick from CBRE’s Oakbrook, IL office represented the seller, Duke Realty . The property was sold to USPG Holdings, Inc. “This shopping center is ide- ally located in the heart of the Wyoming Valley near Scranton and the Pocono Mountains,” said McClernon, senior vice

Pottstown Plaza

Shoppes at Montage

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president with CBRE’s Invest- ment Properties division. “Its close proximity to both New York and Philadelphia, as well as PNC Field and the Toyota Pavilion Ampitheater, made this very attractive to the buyer, as did the presence of some of the biggest names in retail, including J. Crew, Aero- postale, Bath & Body Works, J. Jill, and a wide variety of res- taurants and other shops. We were able to team up with our Debt and Structured Finance division and sell this property debt-free.” The Shoppes at Montage is located on a 52-acre campus and is home to more than 50 retail stores. POTTSTOWN, PA —CBRE has brokered the sale of Pott- stown Plaza in Pottstown to

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The Cotswold Group. K ev- in McCler- non and Pe- ter Stevens from CBRE represented both the buy- er and the seller, Hud- son Advisors. P o t t s t o w n P l a z a i s a 159,327 s / f shopping cen- ter anchored by Tr a c t o r Supply, and includes Gi- ant (dark),

Non-Traditional Venues - Hospitals/Colleges Universities/B&I/Stadiums/Casinos/Airports


Local Contacts:

Eastern PA — 610-366-8120 x 24, Cheryl Green green_c@sdepa.com Philadelphia PA — 610-768-8990, Rawley Shelton rawleyshelton@gmail.com

Peter Stevens

Applebee’s, and Fulton Bank. “This was a tremendous val- ue-add in a burgeoning mar- ket,” said McClernon. “Pott- stown Plaza offered a low unit cost and outstanding invest- ment return. With limited competitive future develop- ment, this presents an excellent redevelopment opportunity for the 17-acre Plaza.” n

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