14C — March 2024 — Best of 2023 — M id A tlantic Real Estate Journal
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Bennett Williams Commercial Whitehall Mall Whitehall, PA The LARGEST RETAIL LEASE of 2023
James Balliet Property Group- Keller Williams Allentown 3300 Lehigh St
Levin Management Corporation Liberty Center Erie, PA
Brokers: Levin Management local representative Sherry Bauer, SBRE – Sherry Bauer Real Estate Services (on behalf of landlord); Benedict Borruso of Pyramid Brokerage Company, a Cushman & Wake- field Alliance Member (on behalf of tenant) Size: 28,500 s/f This anchor lease with thrift store AMVETS marked the veterans service organization’s first Pennsylvania location and extended a period of steady transactional activity at Liberty Center. Levin Management Corporation serves as managing agent for the property, which sits at the intersection of Liberty and W. 38th streets. Liberty Center’s other new tenants – also including Erie Gym- nastics Center and an expanded Werner Books – join a retail mix that includes a renovated Tops Friendly Markets, Harbor Freight Tools, Dollar Tree, PA Wine & Spirits, Fred’s Furniture, Stumpy’s Hatchet House, Rent-A-Center, Rotech Healthcare, H&R Block and GNC, among others.
Allentown, PA Size: 68,000 s/f
Giant is set to open a new location at the South Mall in Allentown, PA. The new, ground-up store will measure 68,000 s/f and will be a redevelopment of a a former Bon-Ton department store that closed in 2018. The Bon- Ton will be demolished to make way for the new Giant store. The enclosed shopping mall is located at 3300 Lehigh St. in Allentown, PA 18103. The mall is owned by NY/NJ based Nicholas Park Mall, LLC. James Balliet, president of The James Balliet Property Group-Keller Williams Allentown was the sole broker in the transaction.
Brokers: Ashlee Lehman, Blake Shaffer, Brad Rohrbaugh, & Chad Stine Size: 58,278 s/f The shopping center, which sits at Grape Street and Ma- cArthur Road in Whitehall Township, includes national co-tenants such as Kohl’s, BuyBuy Baby, Buffalo Wild Wings, and Five Below, just to name a few. The large, former gym, space totaling over 58,000 s/f was leased to an indoor rock-climbing facility, The Gravity Vault. The Bennett Williams’ retail team that represented the Tenant in this transaction included Ashlee Lehman, Blake Shaffer, Brad Rohrbaugh, and Chad Stine
The MOST UNIQUE RETAIL SALE of 2023 NAI Summit 3708 Freemansburg Ave Bethlehem, PA The Dougherty Team of Marcus & Millichap Ridge Plaza Retail Portfolio The Kislak Company, Inc. 2313-2325 Plainfield Ave South Plainfield, NJ
Broker: Max Levinston Size: 28,300 s/f
The property, known as LaCosta Plaza, consists of two buildings – Building A with 8,000 s/f and Building B with 20,300 s/f – on 2.53 acres. Building A was built in 1956 and is a one-story retail building with seven fully occupied spaces. Building B was built in 1977 and is a two-story mixed-use building with four fully occupied retail spaces on the first floor and eight offices with elevator service on the second floor, four of which are occupied. Building B is anchored by a Wells Fargo branch with a drive-through, which space is earmarked for a new tenant upon the bank’s upcoming lease expiration. The balance of the existing retail tenants includes a mix of national and independent retailers.
Brokers: Derrick Dougherty, Scott Woodard, and Colin Reder The Ridge Plaza Portfolio in Royersford, PA was a condo sale that consisted of three separate retail properties – a multi-tenant retail strip center, an El Limon Mexican restaurant and a Phoenixville Federal Bank & Trust branch. The property is located at the intersection of W. Ridge Pike (14,343 VPD) and North Lewis Road (10,190 VPD). It features five points of ingress and egress and is directly across the street from New Arcadia Retirement Home where 150+ units are being developed.
Broker: Jennifer Kennedy Size: 10,908 s/f
This two-story retail building, with large parking lot, and great visibility for the tenant. The building previously housed a neighborhood pharmacy that served the surrounding Bethlehem community. Fit out with large open rooms, elevator, and a second floor with private offices, the facility will become home to Deibel Laboratories, an international food safety testing firm. Jennifer Kennedy, Associate Broker, represented the seller.
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