Search
 

Nazareth Bank Takes 5,700 SF at New Allentown Landmark

ALLENTOWN, PA-This is the first new bank branch to open downtown here in 30 years and the first retail tenant in the eight-story Plaza at PPL Center, owned by Malvern, PA-based Liberty Property Trust, and set to open in May.

By Marita Thomas | Updated on April 02, 2003

ALLENTOWN, PA-Nazareth National Bank inks a long-term lease for 5,700 sf at the eight-story Plaza at PPL Center here. It is the building’s first retail tenant and its move represents the first downtown bank branch opening in 30 years.

Locally based PPL Corp. will occupy the building’s top six stories under an undisclosed lease arrangement with Malvern, PA-based Liberty Property Trust, which developed and will manage the property. Construction cost of the facility, designed by the New York-based architectural firm of Robert A. M. Stern, was approximately $60 million. It is scheduled to open on May 19.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.