SOURCE: Heidenberg Properties


October 01, 2013 12:37 ET

Heidenberg Properties Announces Opening of Dollar Tree at Mt. Pocono Plaza

MT. POCONO, PA--(Marketwired - October 01, 2013) - Heidenberg Properties, a full-service real estate development company and owner of Mt. Pocono Plaza, announces the opening of Dollar Tree, the nation's leading operator of single-price point dollar stores. Mt. Pocono Plaza is a 202,000 square foot shopping center anchored by Kmart and Weis Markets, located on Route 940 in Mt. Pocono, Pennsylvania. The property is located directly across the street from a Walmart Super Center and a Lowe's Home Center and is the only shopping center in the trade area containing a mix of both "big-box" tenants and small-shop space. Heidenberg Properties acquired Mt. Pocono Plaza earlier this year and is committed to injecting new life into the Property. According to Heidenberg Properties' Vice President of Operations Jason Lazar, "Mt. Pocono Plaza is ideally situated at the "main and main location" in the market and we believe that it is uniquely positioned to benefit from the area's pending growth and development. As a result, we are focused on improving the tenant mix and filling the vacancies. The opening of Dollar Tree is the first step in realizing that vision." The approximately 11,000 square foot Dollar Tree store will fill the largest vacancy at Mt. Pocono Plaza, a space which had been vacant for the past few years. "We are thrilled to bring Dollar Tree and its diverse mix of merchandise to Mt. Pocono Plaza," Mr. Lazar continued. Dollar Tree offers several categories of products in its stores including housewares, snacks, food, health and beauty, party supplies, stationary and books among others. Every single item is priced for a dollar or less. 

About Heidenberg Properties

Heidenberg Properties is a full-service, real estate development company focused on the acquisition and development of open-air shopping centers, net-leased properties and secured note purchases in the Eastern United States. 

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