Hazleton Pennsylvania Shopping
Laurel Mall is a one-story shopping mall in Hazle Township, Pennsylvania, founded in 1973, with an impressive 96% occupancy rate. The retail centre offers fronts for a variety of retail outlets as well as a large number of restaurants and retail outlets.
Laurel Mall has a number of existing national and local retailers, including Hobby Lobby, Planet Swim, Amazon and Planet Fitness, as well as a variety of restaurants and retail outlets. Laurel Mall has new leases through 2020 for Hobby Lobby, Planet Swim and Amazon and will welcome new tenants, which include Hobby Lobby and Amazon, as well as Planet Fitness.
This level of economic development and job creation is the reason why the NAC and USDA exist for rural development. North Avenue Capital is a specialized commercial lender that provides USDA rural development loans nationwide. As one of the largest lenders in the US, we use our know-how, capital, and relationships to build businesses, grow economies, and create jobs in rural America.
According to Eric Johnson, President of the NAC, "Laurel Mall is a great example of how USDA-Nac public-private partnerships bring stability to regions of the country where the tangible impact of economic growth is less pronounced. Borrower owns and operates the Laurel Mall in Hazleton, PA, which is staffed by national and local retailers including Wal-Mart, Walgreens, Target, Home Depot and Walmart, as well as local businesses.