Overview

Highlights

• Upside Opportunity
• Renovated Anchor Box - New Long-Term Tenancy
• Well Seasoned Tenant Roster
• Highly Trafficked Corridor
• Dense Infill Demographics

Description

TSCG, acting as exclusive agent on behalf of the Owner, is proud to offer for sale a 100% interest in Penn Plaza (the “Property”) in Muhlenberg (Reading), Berks County, Pennsylvania. Penn Plaza is located along N. 5th Avenue (Business Highway 222) just north of Reading. The Property totals 179,629 square feet of gross leasable area (“GLA”) and is 91.2% leased to a diverse assortment of national, regional and beloved local tenants.

The owned collateral comprises a renovated anchor building with Restaurant Depot and Nova Trampoline on new long-term leases; a multi-tenant inline building with a high performing Dollar Tree, and four outparcels. The Property benefits from strong shadow anchors including Burlington, dense infill demographics, strong traffic counts, a signalized main entrance and multiple access points.

Location

Penn Plaza is located along N. 5th Avenue (Business Highway 222) just north of Reading. The Property totals 179,629 square feet of gross leasable area (“GLA”) and is 91.2% leased to a diverse assortment of national, regional and beloved local tenants.

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