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700 Downington Pike
West Chester, Pennsylvania 19380 |
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Upon Lutz's acquisition in 2001, Bradford Plaza Shopping Center was an outdated 123,000 square foot neighborhood shopping center with excess land located in West Chester – an affluent suburb of Philadelphia. Beginning in 2004, Bradford Plaza began a transformation that included two years of negotiations and 12 months of a $15+ million construction project. These improvements are the primary result of a long-term lease with a new anchor tenant, Giant Food Stores, which replaced an antiquated 43,500 square foot grocery store with a state-of-the-art 69,650 square foot one-stop shopping experience. In conjunction with Giant Food Stores opening, the smaller tenant storefront faces were renovated in an effort to cohesively blend with Giant?s proto-type storefront and give the entire shopping center a fresh, contemporary look. After expanding the property to 142,000 sq .ft., renovating the facades and re-tenanting, Lutz sold the property in April 2007 to a fund advised by Urdang & Associates. |
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