Unison Realty Partners Acquires Interest in High Pointe Commons On Harrisburg’s East Shore
Premier shopping center anchored by Target and JCPenney hosts strong tenant line-up with historically high occupancy.
Unison Realty Partners, a Boston-based privately held retail real estate investment management firm, acquired 100 percent ownership interest in High Pointe Commons, a premier 355,000-square-foot regional community center in Harrisburg, Pa.
Built in 2006, the property is anchored by an independent 125,000-square-foot Target and 98,000-square-foot JCPenney, which includes in-store Sephora and Disney Store concept shops. Unison will be acquiring the remaining 132,000 square feet of the property, which includes a stable and diverse mix of fashion, service and food tenants, including Christmas Tree Shops, Chili’s Bar and Grill, and Petco. Today, High Pointe Commons is 99 percent leased, and is well-located off of Interstate 283.
“High Pointe Commons is the epitome of what we look for in an investment,” said Karim Fadel, founder and principal of Unison Realty Partners. “With a convenient location in a growing market, historically high occupancy and a lineup of national retailers, we’re confident that High Pointe Commons will continue to draw in the local community while we work to improve and develop the center.”
Unison owns and operates a number of shopping centers along the east coast, including its most recent acquisition of Johnston Road Plaza, a grocery-anchored shopping center in Charlotte, N.C. Targeting performing properties with value to unlock, Unison Realty Partners is actively seeking new deals throughout the Northeast and Southeast regions.
High Pointe Commons was a joint venture development of High Real Estate Group, LLC and CBL & Associates Properties, Inc.