8A — April 28 - May 11, 2017 — Shopping Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
S hopping C enters
reece, NY — Col- liers International’s Harrisburg office rep- Zerfass of Colliers International’s Allentown office reps. BB&T in the sale of former bank branch Colliers concludes sale of 119,600 s/f BJ’s Wholesale Club in Greece, NY totaling $16.85m G sented the buyer (Professional Properties, LLC).
In Whitehall, PA — Derek Zerfass of Colliers International’s Allentown of- fice represented BB&T in the sale of a 3,061 s/f free standing former bank branch building located at 2545 Mickley Ave. in Whitehall, PA for $1.15 million. The building will be demolished to make way for a new Wendy’s “fast casual” restaurant. The buyer was represented by Steve Clipman of ROCK Commercial Real Estate, LLC . As testament to the strength of the Lehigh Valley market, there was a substantial amount of interest in the property as soon as the branch closed. n Ripco Real Estate’s NJ Office Receives 4 CoStar Power Broker Awards Lyndhurst, NJ — Rip- co Real Estate , the leading retail brokerage firm in the
resented the buyer in the pur- chase of a free standing BJ’s Wholesale Club (w/gas) located at 300 Bellwood Dr. in Greece, NY for $16.85 million. The transaction is a triple net (NNN) lease structure with a CAP rate of 7.00%.The 119,600 SF building on 11.05 acres is in the Rochester submarket of New York. It has parking for 485 vehicles. The Colliers retail team of WilliamAiello, George Lulos and Larry Kostelac repre-
2545 Mickley Ave.
Ne w Y o r k Metro area, announ c ed t h a t f o u r members of its New Jer- s e y o f f i c e were honored to be recipi- ents of Co- Star’s 2016 Power Bro- ker Award. F l o r i a n Suserman, Curtis Nas- s a u , M i - chael Rawl- ins and Da- vid Townes were named to CoStar’s 2016 list of Top 20 Re- t a i l L e a s - ing Brokers in Northern New Jersey. The presti- gious CoStar Power Bro- ker Award is an annual in- dustry award that recog- nizes distin- guished pro- fessionals in commercial
Florian Suserman
Curtis Nassau
Michael Rawlins
David Townes
real estate brokerage for clos- ing the highest lease transac- tion volumes in their respec- tive markets. n
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