Search
 

Lehigh Mall Adds 130,000-SF Lifestyle Wing

WHITEHALL, PA-The newly renovated Lehigh Valley Mall grows to nearly 1.2 million sf with the addition of three new restaurants and 14 shops.

By Marita Thomas | Updated on August 29, 2007

WHITEHALL, PA-Between now and Oct. 26, 17 new tenants will open in the 130,000-sf lifestyle expansion of Lehigh Valley Mall. The lifestyle component is located between anchors JC Penney and Macy’s and takes the newly renovated center to nearly 1.2 million sf.

Philadelphia-based Pennsylvania Real Estate Investment Trust owns 50% of the mall property, and Simon Property Group, headquartered in East Indianapolis, IN, owns 38% of the asset. According to a Simon SEC supplemental report, an affiliate of its subsidiary, King of Prussia-based Kravco Simon Co., which is handling the redevelopment and manages the mall, owns the remainder. The center is located at the intersection of US Rte. 22 and MacArthur Rd.

The aggregate cost of the renovation and expansion is approximately $44 million. A PREIT spokesperson confirms that its portion of the cost is $21.5 million, and Simon footed $16 million of the bill.

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.