Exeter Commons, Exeter Township, Pennsylvania
Exeter Commons is a 500,000 square foot shopping center located on Rt. 422 in Exeter Township, Berks County Pennsylvania. Opened in 2009, the center is anchored by a Target Department Store, Giant Food Store and Lowe's Home Improvement Store, and is supported by many other first-class retailers.
Development Challenges:
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footwear
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Difficult land assemblage of eight separate parcels
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Right-of-way acquisition from 16 separate parcels in approximately nine months Implemented $18 million of public road improvements
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Secured funding from two separate public sources
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Secured construction financing during a very challenging economic environment
AWARD:
2009 First Place, Mid-Atlantic Real Estate Journal, Traffic Design Competition