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2845 Concord RdYork, PA 17402
York Town Center
Asset ClassRetail
overview of deal

Overview

Paramount Realty Services Inc. exclusively offers the opportunity to acquire institutionally owned York Town Center, a regional 247,331 square power center located in York, Pennsylvania.

 

York is situated approximately 60 miles North of Baltimore, Maryland by way of Interstate 83 and 95 miles west of Philadelphia, Pennsylvania. York is part of the Harrisburg-York-Lebanon CSA which has a population of over 1.3 million and is the 43rd most populated CSA in the United States, with employment drivers led by medical and industrial warehousing/distribution given its central positioning between Washington, D.C. and New York City.

 

Built in 2007, this was the first power center developed in York and established a trend that would continue in South Central Pennsylvania. With a first class lineup of tenants and leaders among their respective industry classes, York Town Center provides tremendous depth to its shopper. The tenant roster is highlighted by Best Buy, Ross, Ulta, Five Below from inception while also recent new leases with Burlington, Boot Barn, Bob's Furniture, and Barnes & Noble with a flagship location in 35,000 square feet.

 

With average anchor sales exceeding $400 per square foot and an attracive 2.35% CAGR, the ability to build upon the most recent addition in late 2025 of Barnes & Noble by capturing lifestyle tenancy in the balance of the center as tenants mature with limited options remaining, provides for a tremendous leasing opportunity.

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Investment Highlights

  • 100% Occupied Regional Dominant Power Center lead by industry leaders comprised of 87% national tenants highlighted by Best Buy, Ross, Burlington, Ulta, Barnes & Noble, Five Below, and Dick’s Sporting Goods

 

  • 63% of the shopping center are original co-tenants since initial construction in 2007, speaking to the high tenant retention and performance within the entire York submarket

 

  • New 10-Year Lease with Barnes & Noble in 35,000 square feet opening in July 2025, providing for a flagship lifestyle anchor to further draw higher end apparel, restaurants, and service within a regional location

 

  • York Town Center is further supported by a strong cast of highly rated restaurants, including Chipotle Mexican Grill, Chili’s Grill & Bar, and Longhorn Steakhouse, on sub-divided ground leases, providing for exceptional value within the triple net market

 

  • Excellent positioning and visibility from Route 30 (48,000 cars per day) and signalized intersection of Mount Zion Road and Concord Road (44,000 cars per day) across from the York Galleria Mall anchored by a new 80,000 SF Hollywood Casino

 

  • Over 57,000 employees within three miles highlighted by the corporate headquarters for Harley Davidson, Post Consumer Brands, Caterpillar, and WellSpan Health

 

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2845 Concord RdYork, PA 17402

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