2287 Schoenersville Rd Bethlehem, PA 18017

This is an opportunity to acquire Westgate, a 252,794 square foot open-air shopping center in Bethlehem, Pennsylvania. The property is located in a densely populated Lehigh Valley community with over 230,000 residents within a five-mile radius. The property is 84% leased with approximately $3.3M NOI. It is anchored by Weis Markets, which has been at the site since 1994, and has a WALT of over 8.5 years with minimal near-term rollover. Ownership invested over $20 million in redevelopment, including new pads, facade upgrades, signage, and a build-to-suit grocery anchor. Recent leases include Penn Community Bank, Starbucks, Qdoba, Jersey Mike’s, SoFresh, Tropical Smoothie, McDonald's, and People First Credit Union. There is approximately 41,000 square feet of lease-up potential, including a mezzanine space ideal for medical office conversion adjacent to the hospital. The property is shadow-anchored by Lehigh Valley Hospital–Muhlenberg, which drives weekday traffic and supports a strong mix of healthcare-aligned tenants. The tenant mix is predominantly essential-use and service-based, including grocery, QSR, medical, and experiential retailers.