Unison Realty Partners based in Boston has closed on the purchase of High Pointe Commons, a 354,789 sqf shopping center located off Interstate 283 in Harrisburg, Pennsylvania in a $33.8 million deal. Built in 2006 and expanded in 2008, High Pointe Commons is anchored by a 124,714 sqf Target and a 98,289 sqf off-mall JCPenney, neither of which were not included in the sale. Notable tenants in the center include Christmas Tree Shops, Chili’s, Famous Footwear, Lane Bryant, Sleepy’s, and a newly constructed 13,205 sqf Petco, which will be opening this fall. CBRE’s Brad Nathanson represented the seller, a joint venture between High Real Estate Group and CBL & Associates Properties.
Brad Nathanson, CBRE, said that 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. Ownership 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 Disney stores within the store…With high historical occupancy and the recent addition 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.”
