Silver Spring Square

Property Details

Project Description

Silver Spring Square is a regional power center in the Central PA market, centrally located along the Carlisle Pike (Rt. 11) that is dual anchored by Target and Wegman’s. The center has historically operated at close to 100% occupancy showing the strength of its location and co-tenancy that drives customers to the center daily. The center was built in 2007 as a regional shopping center that featured Central Pennsylvania’s first Wegman’s. The project has an ideal tenant lineup of destination and convenience style co-tenants that include; Best Buy, Kohl’s, Petco, ULTA, Bed Bath & Beyond, Old Navy, and Chick Fil A, just to name a few.

Location Description:

Silver Spring Square is ideally located along the highly sought-after Carlisle Pike (Rt. 11) in Mechanicsburg, PA and sees over 40,000 VPD. The Carlisle Pike is a focal point for retail in the West Shore of Harrisburg and is the main east-west route traveling from Camp Hill to Carlisle, PA. The project is also within close proximity to other major highways such as Route 581 (45,000 VPD), I-81 (75,000 VPD), and I-83 (62,000 VPD). The roadway also intersects with the Pennsylvania Turnpike (I-76) which runs from Philadelphia, PA and into Ohio.

Trade Area Description:

Adding to the stability of the project, Silver Spring Square shows a 20-minute drive time demographic of over 427,263 people with household incomes of more than $82,171 and daytime employment demographics equally as strong with 284,659. The demographics within a 15-mile radius include 463,661 people in 193,141 homes, a labor force of 289,924 with an average household income of $83,051. The area’s growth since 2000 has increased over 14.8% with 28,653 new homes

Property Location: