275 Park Hills Plz
Altoona, PA 16602

Ownership has retained Cushman & Wakefield as its exclusive sales agent to market a 100% fee interest in PARK HILLS PLAZA. This 278,586 SF grocery anchored shopping center is located in the primary retail corridor of Altoona, Pennsylvania, a three million SF retail hub drawing consumers from more than 20 miles. Anchored by Weis Markets, central Pennsylvania’s dominant grocer, the property boasts a strong roster of national and food-service tenants, including A.C. Moore, Red Robin, Panda Express, Denny’s, Mattress Firm, Harbor Freight Tools, and Dunham Sports. Weis has occupied the property since its construction in 1974, and enjoys an attractive occupancy cost of only 2.5%. Strategically situated just off Exit 31 of Interstate-99 (55,000 VPD), Park Hills Plaza is flanked by the 775,000 SF Logan Valley Mall and enjoys significant frontage along Plank Road, Altoona’s premier retail and dining corridor. Currently 79.7% occupied, potential investors can capitalize on multiple value-creation opportunities, including the redevelopment of a former 20,962 SF cinema building located at the front of the property. Ownership is currently negotiating Letters-of-Intent with multiple national credit tenants including Starbucks and Kay Jewelers.