The Rise at State College

Property Details

Project Description

Discover an exceptional opportunity to lease premium retail space in the heart of State College at 532 E College Ave. This newly built Class A property offers raw, customizable space ranging from 1,500 to 9,200 square feet, ideal for a variety of retail concepts. Available on a NNN lease basis, the space is designed for tenants seeking a high-visibility location with the flexibility to tailor the interior to their brand. Tenant improvements are available for creditworthy tenants, ensuring a seamless build-out process. 18 parking spots are included for retail use. Positioned directly across from Penn State University, this property combines modern construction with unparalleled accessibility, making it a flagship destination for businesses aiming to capitalize on the vibrant local economy.

Location Description:

The luxury mixed-use project sits on East College Avenue and overlooks the eastern portion of Penn State’s Campus with views of Beaver Stadium in the distance. The largest population of Penn State’s on-campus housing about 14,000+ students, 5 of the 8 complexes, live directly across the street. The off-campus housing has also dramatically expanded over the past few years off East College Avenue creating a demand for goods & services in this downtown submarket. The athletic complexes are within walking distance with endless year-round events and home of Beaver Stadium with a 110,000-seat capacity, Bryce Jordan Center with 15,000 seats, Pegula Ice Arena with 6,000 seats and many others. On game day, State College becomes the 3rd largest city in Pennsylvania and East College Avenue is the buzz of town.

Property Highlights

• Raw Space Customization: Flexible raw space from 1,500 to 9,200 SF, ready for your vision.
• Class A Quality: Newly built with top-tier construction and modern amenities.
• Lease Terms: Available for lease on a NNN basis.
• Tenant Improvements: Negotiable TI allowance for qualified, creditworthy tenants.
• Prime Visibility: Directly across from Penn State University, ensuring high exposure.
• Traffic Advantages: Exceptional foot and vehicle traffic in a high-density area close to downtown.
• Retail Focus: Ideal for retail uses in a dynamic, university adjacent setting.

Property Location: