SCRANTON, Pa.--(BUSINESS WIRE)--The Shoppes at Montage Mountain continues its forward progress in economic development growth in the Wilkes-Barre/Scranton market. The U.S. Properties Group (USPG) mantra of “being prepared, ready and adaptable” will be again challenged with the unfortunate closing of the Christmas Tree Shops nationwide. The Christmas Tree Shops at The Shoppes at Montage Mountain was one of the best performing stores in the 80-store chain. This said, Christmas Tree Shops ownership had various operating issues and are now in process of a full liquidation of all its stores and this location will close. The team at USPG has been planning for this exit with a robust campaign of initiatives to find the best tenant to fill this void and make the center more vibrant with a large traffic generator. USPG has been engaged in discussions with major national tenants who have expressed interest. The proper fit and consideration of all alternative formats to fill the space will be used to enhance the shopping area. USPG’s solid, keen insight, and their 20-year track record of filling sub-anchor spaces will add to its millions of square feet already leased.
The Shoppes and the surrounding area boast ongoing growth, exceeding pre-pandemic sales and lease revenues. The future growth and potential are unlimited. The expanding retail tenant mix increases offerings in the local community and keeps the tax dollars in Moosic. The shopping center continues to supply the area with a great assortment of restaurants, shopping, and entertainment venues that consumers find attractive. In the last two years alone, The Shoppes at Montage Mountain has produced over 30,000 square feet of new tenants to benefit the continued growth in occupancy even through the pandemic issues.
Dave & Buster’s has started construction on their big restaurant concept of 19,336 square feet onsite at The Shoppes at Montage Mountain. Highly publicized as a leader in up-and-coming markets, the area’s strong analytics drove them to the shopping center. Opening is slated by Spring of 2024.
Gord Wiebe, Managing Director of USPG, states: “Moosic, Pennsylvania continues its growth, and The Shoppes at Montage Mountain will continue to keep its one-of-a-kind destination a premier place to shop, dine and relax. We are partners and together are committed to the future success of this growing community. Nothing will ever replace the “brick and mortar” experience. Shoppers want the entertainment, the touch, the feel, the excitement, and the personal assistance only a brick-and-mortar shop can bring. We at U.S. Properties Group are committed to the growth of our outdoor open-air centers as a first choice of location. We remain selective to keep the center stable and the retail mix vibrant. We want to fuel the local economy, while attracting guests to our center and the area.”
Tim Todaro, Senior Leasing Associate for USPG, notes: “The leasing activity at The Shoppes at Montage Mountain continues to be successful. Lease renewals and strong sales numbers exceeding pre-covid levels are generating plenty of activity and interest in the remaining spaces. We are working proactively to constantly attract lively retail offerings that make The Shoppes at Montage Mountain the place to shop, dine and entertain in the Moosic and surrounding area.”
About The Shoppes at Montage Mountain:
The Shoppes at Montage Mountain is Northeastern Pennsylvania’s first and only Lifestyle Center and is conveniently located between Scranton and Wilkes-Barre. Amid inviting gathering spots, wide sidewalks and convenient parking, and in close proximity to individual shops and eateries, they offer a unique range of premium shops and restaurants, such as Food & Fire BBQ and Taphouse, Versona, J. Crew Factory, Fine Wine & Good Spirits, Panera Bread, DSW Shoes, Starbucks, plus a compliment of spa, hairstyling, and more service essentials. The Shoppes at Montage Mountain features many premium tenants and can be accessed from I-81, Exit 182, Montage Mountain Road. For more tenant information and deals, visit – www.shoppesatmontage.com.
U.S. Properties Group is growing and owns approximately four million square feet. Redeveloping shopping centers in nine states and managing over 350 tenant relationships, USPG covers the Midwest and Southeast United States, which includes Georgia, Illinois, Michigan, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, and Virginia. Founded to create value and realize the “Upcycling” of shopping center assets, USPG and their team of professionals utilize their skills in acquisitions, development, renovation, and management to enhance property values and restore the community marketplaces with best of class tenants and services. For more information visit www.uspginc.com.