Chelsea Square

Property Details

Project Description

Chelsea Square is a 96,855 square-foot Weis Markets anchored retail shopping center centrally located in Lancaster, Pennsylvania, situated at a signalized intersection along Manheim Pike (19,000 CPD). The center is anchored by Weis Markets and includes other leading, national retailers such as Jos. A. Banks, Chico’s, Talbot’s, just to name a few. With its traffic generating tenant lineup, Chelsea Square is one of the primary shopping destinations in the North Lancaster market.

Location Description:

Chelsea Square is strategically positioned with significant frontage in one of the market’s primary retail corridors, Manheim Pike (Rt. 72). The center benefits from the high-volume traffic flow of Manheim Pike, which is one of the area’s heaviest traveled roadways. Manheim Pike acts as a focal point for retail, with a trade area that extends more than 5 miles, attracting a vast customer base. With high concentration of traffic driven by the anchor tenant within the center, as well as the surrounding retail, the center pulls from not just the immediate trade area but the surrounding market points as well.

Trade Area Description:

Adding to the stability of the project, Chelsea Square shows a 20-minute drive time demographic of over 431,845 people with household incomes of more than $80,997 and daytime employment demographics equally as strong with 248,655. The demographics within a 10-mile radius include 330,727 people in 128,541 homes, a labor force of 199,827 with an average household income of $81,372. The area’s growth since 2000 has increased over 14.7% with 18,996 new homes.

Property Location: