MILLERSVILLE, MARYLAND (APRIL 3, 2024) – Henderson Pointe is poised for reinvention as construction begins on a comprehensive redevelopment program. Broad Reach Retail Partners has commenced construction for the highly anticipated redevelopment project at Henderson Pointe Shopping Center, anchored by Food Lion. This transformative endeavor is set to refine and elevate the retail experience within the center.
Having acquired Henderson Pointe in April 2021, Broad Reach identified a compelling value-add opportunity, leveraging the existing draw of key anchors such as Food Lion, Harbor Freight, and Badcock Home Furniture & More. Strategically situated along Dabney Drive, a major commuter thoroughfare witnessing approximately 19,000 daily vehicle passes, the 188,647-square-foot center holds significant potential for revitalization.
With a 50,000-square-foot tenant departure and a substantial 40,000-square-foot vacancy, our leasing team executed diligently, securing agreements with reputable national brands including Ross Dress for Less, Burlington, Five Below, and Mattress Warehouse.
The redevelopment project has successfully navigated initial permitting stages and is now progressing into the construction phase. With a substantial investment, the revitalized Henderson Pointe will not only accommodate the aforementioned national tenants but also undergo a comprehensive facelift, enhancing the overall aesthetic appeal of the center.
“Henderson Pointe has a strong history in this community and the retail industry, and we have an opportunity to build on the center’s already strong performance and take it to the next level. Creating an even more productive destination for our shoppers and retail partners,” noted Mike Castellitto, Chief Operating Officer at Broad Reach Retail Partners.
The ambitious construction timeline targets a grand re-opening in the fourth quarter of 2024.
The Henderson Pointe redevelopment stands as a testament to its significance within the local community and the critical role such centers play in meeting essential retail demands. By addressing key market gaps and ushering in a new era of transformation, this project sets the stage for a prosperous future.