Whitehall Plaza

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer Whitehall Plaza, a 365,071 square foot, open-air shopping center located in Whitehall, Lehigh County, PA. The 65% leased Property provides investors with a rare value-add opportunity to re-lease 126,166 SF of vacancy and spin-off the free-standing pads in a center-of-gravity location in a dynamic retail node within the Lehigh Valley with an exceptional demographic profile. Whitehall Plaza has enjoyed tremendous leasing momentum over the last 24 months, most notably highlighted by newly executed leases with Floor & Decor, Wawa, Community Bank, and The Gravity Vault, providing investors the ongoing opportunity to re-tenant the Property with best-in-class, complementary anchor tenancy.

Whitehall Plaza features an existing tenant lineup with +6.8 years of weighted average lease term remaining, with 95% of gross income derived from national & credit tenancy. Investors will have the opportunity to continue to re-position the Property and grow NOI by +183% on a 5-year hold. The Property enjoys irreplaceable positioning within the premier retail node in the Lehigh Valley at the intersection of Route 145 / MacArthur Road (+41,000 VPD) and Route 22 (+48,300 VPD), with a population of +237,000 and an average household income in excess of +$90,000 within a 5-mile radius.