CCRE Completes $10M Sale at Lower Allen Commons

Real Estate News

CAMPBELL Commercial Real Estate, Inc. and the Lower Allen Township Development Authority announced the final transaction in the redevelopment of the Lower Allen Commons, previously occupied by The BonTon and Borders Bookstore. The 17,500 SF retail building now home to Trader Joe’s, Sport Clips, Apricot Lane Boutique and The Good Feet Store, sold for $10,000,000 and completes the Development Authority’s involvement in the property. The Development Authority purchased the property out of bankruptcy in 2019 and created a land condominium that included the existing Bonefish Grill and Texas Roadhouse restaurants.

The Authority’s desire to create a first-class development without using any tax dollars was achieved. Completing the project during COVID shutdowns and supply chain issues was not an easy task. Erin Trone, Director of Economic Development lead the Lower Allen Township Development Authority which required a team effort between Art Campbell and Larry Kostelac from CAMPBELL Commercial and the Lower Allen Township Board of Commissioners. In addition to the township, Tom Richey of Third Mountain Consulting, LLC, Eastern PCM, BL Companies, York Excavating, Wagman Construction, Ames Construction, KD3 Design Studio, Inc., Leer Electrical, and F&M Trust worked together to achieve the completion of the newest shopping center in Camp Hill.

Springwood Development opened The SpringHill Suites by Marriott in October 2022 and a new Chick-fil-A currently under construction is scheduled to be completed in the spring of 2023. Unit 1, the last 1-acre parcel, was sold in October 2022 and a new 10,980 +/- SF retail building is proposed.