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Mid Atlantic Real Estate Journal — Shopping Centers — February 22 - March 14, 2013 — 13A
www.marejournal.com
A. Divaris, Oliver & Wingfield represent CWCapital Asset Management Divaris brokers sale of Hungarybrook Shopping Center for $5.7 million
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LANCASTER, PA - LMS Commercial Real Estate , a privately owned real estate company based in Lancaster, PA, has recently arranged the following sales transactions: Apple Collision Center Ha- nover has recently purchased the former Faulkner auto deal- ership for $1,850,000 located as 100 Eisenhower Drive. They have recently taken over the operations of the former col- lision center, which will be re-developed. The property sits on 7.7 acres and is con- veniently located on Route 94 and Eisenhower Drive. It is in close proximity to a new retail development containing many national retailers. Dave Nicholson and Ryan Myers represented the seller in the transaction. Orchards Garden & Gift Center located at 1140 Ab- bottstown Pike, Hanover, PA recently sold a 7,000 s/f retail building for $160,000 which sits on 3.73 acres sold. Millers Country Market plans to open for business this spring at this location. Ryan Myers of LMS Commercial represented the seller. M&T Bank located at 14West Hanover Street, Gettysburg, PA was sold for $250,000. The 1,984 s/f retail building that sits on 1.03 acres will now be used as an Italian Restaurant. Ryan Myers of LMS Commercial rep- ter. Hungarybrook is located at 1200 Concord Avenue in Richmond, Virginia. Anchor tenants in the shopping cen- ter include Food Lion and Dollar Tree. Divaris Real Estate’s Al- exander Divaris, CCIM , vice president, and Jason Oliver, CCIM , senior as- sociate, both in the Invest- ment Sales Group, and John Wingfield , principal of the Richmond office of DRE, represented special servicer CWCapital Asset Manage- ment LLC , in the transac-
tion. DRE has been retained as exclusive leasing agent for the center. This was the Investment Sales Group’s second sale of a Food Lion-anchored shop- ping center in Richmond in 2012. Earlier in the year, DRE represented Mighty Oak, a subsidiary of GE Cap- ital, in the sale of Brookhill Azalea Shopping Center to an investment partnership controlled by the principals of Broad Street and The Pre- mier Companies, for $8.95 million. n
I CHMOND , VA — Michael B. Di- varis , president of
Divaris Real Estate, Inc. announced that 1200-1300 Concord Avenue Holdings, LLC, has sold Hungarybrook Shopping Center for $5.7 million. Coastal Equities , a pri- vately held investment, de- velopment and property management company with offices in Weston, Flori- da and Garden City, New York, acquired the 87,190 s/f neighborhood shopping cen- February 22, 2013 - March 14, 2013 HI-LIGHTS WP Realty announces the 447,037 s/f sale of Fairlawn Town Centre
Hungarybrook Shopping Center
Balliet of KW Commercial completes $1,150,000 sale
ROCK reps seller in $250,000 sale Nicholson & Myers of LMS secure $1.85m sale
ALLENTOWN, PA — KW Commercial-The James Bal- liet Commercial Group ,
a full service commerc ial rea l es tat e company with an office lo- cated at 40 S. Cedar Crest Blvd. Allen- town, PA has recently sold
40 S. Cedar Crest
The 15,061 s/f strip center is located along heavily traveled Rt. 309. “We are currently look- ing at all possible development options for this prime property.” states Balliet. “This corridor is in need of more national retail- ers and we plan on making that happen.” Neighboring retail includes Turkey Hill Minit Markets, Burger King, Lafay- ette Ambassador Bank, Giant Foods and Weis Markets/CVS anchored Fairmont Village Shopping Center. n
100 Eisenhower Drive
James Balliet
a retail strip center located at 201 S. 3rd Street (Route 309) Coopersburg, PA. The contract sales price was $1,150,000. James Balliet , president of KW Commercial-The James Balliet Commercial Group represented both the seller, Siner Properties and the buyer, JACRORY, LP both of Coopersburg, PA.
Stine & Rohrbaugh of Bennett Williams rep seller in 142,965 s/f sale 14A
1140 Abbottstown Pike
resented the buyer and Rock Commercial Real Estate represented the seller. n
The James Balliet Commercial Group
15A
“The Lehigh Valley’s Premier Full Service Commercial Real Estate Company”
SPOTLIGHT Top Retail Deals of 2012 21A ALSO
• Shopping Center Sales & Leasing • Retail, Office, Medical & Industrial Properties • Distressed Property & Asset Management • Tenant Representation • Business Brokerage • Commercial Land Brokerage • Multi Unit Apartments
610-435-4711
Retail Brokerage Directory ... 24A Retailer Space Seeking ........... 25A Business Card Directory ........ 26A www.marejournal.com
www.lehighvalleycommercial.com
KW Commercial | 40 S. Cedar Crest Blvd.| Allentown, PA 18104
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