South Central Pennsylvania Shopping Mall Up for Sale
By
Tony Seruga
HFF is marketing for sale Franklin Center, a 174,667-square-foot retail center that’s currently 96 percent occupied.
Franklin Center in Chambersburg, Pa.
Philadelphia—Franklin Center, a 174,667-square-foot
retail power center in the south central Pennsylvania community of Chambersburg, is up for sale.
Coastal Equities has retained
HFF to market the property.
Franklin Center was renovated and redeveloped in 2015. The property is currently 96 percent occupied by a tenant roster that includes Dick’s Sporting Goods, Ulta Beauty, Petco, T.J. Maxx and Ollie’s Bargain Outlet. The center also comprises three separate potential inline and outparcel development sites totaling more than 27,000 square feet. Located at 1320 Lincoln Way East, the mall covers 25 acres along the region’s primary retail corridor of Lincoln Way East (Highway 30), which attracts shoppers from surrounding municipalities. Franklin Center is also less than half a mile from Interstate 81, the most heavily traveled highway in the region…
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