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LEHIGH VALLEY WEATHER

MacArthur Towne Center has new owner

The $14.3 million sale of MacArthur Towne Center, on the west side of heavily traveled MacArthur Road, ranks as one of the highest property sale transfers recently in Whitehall Township, helping to fill the coffers of the township and Whitehall-Coplay School District.

Both the township and school district impose the 1-percent realty transfer tax, which means each entity will receive one-half of the proceeds from the levy. Their share totals $71,500 each.

The 2017 township budget anticipates $350,000 in revenue from the real estate transfer tax.

The shopping center’s new owner is an affiliate of Elkins Park-based Abrams Realty & Development.

Tenants of the shopping center include American Signature Furniture, 2nd & Charles, Jo-Ann Fabric and Crafts, Party City, David’s Bridal, T-Mobile and Aaron’s.

The sale of the retail center encompasses 151,418 square feet.

Lowe’s and Kmart are not part of the transaction.