HAMPSHIRE, MCB ACQUIRE 84,000-SQUARE-FOOT SHOPPING CENTER

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ALLENTOWN, PA. — A joint venture between The Hampshire Companies and MCB Real Estate has acquired an 84,000-square-foot shopping center in Allentown from an affiliate of The Rosen Group. Airport Plaza Shopping Center is located on more than 11 acres at 1135 Airport Road. Its anchor is a 56,000-square-foot Redner's Warehouse Market. Additional tenants include Rent-a-Center and Enterprise Rent-a-Car. Occupancy was 95 percent at the time of closing. Hampshire represented the buyer in lease negotiations. Gil Neuman of KLNB Retail Sales & Special Assets represented the seller.

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