S HOPPING C ENTERS
Mid Atlantic Real Estate Journal — Shopping Centers — March 30 - April 12, 2012 — 27A
OLLINGDALE, PA — Marcus & Millic- hap Real Estate In- Gorman & Shover secured buyer in $1.57m sale of Lafayette Ambassador Bank Taylor, Zang & Dougherty of Marcus & Millichap rep the seller in $3.1m sale of Creekside Plaza C firm’s Philadelphia office. The asset commanded a sale price of $1,570,000.
Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, the local original developer. The buyer, a local family in a 1031-exchange, was secured and represented by RC Commercial Realty. In other news, Marcus &Mil- lichap Real Estate Investment Services announced the sale of Lafayette Ambassador Bank [ground lease], 2,504 s/f net leased property located in Coo- persburg, according to Spencer Yablon, regional manager of the
vestment Services announced the sale of Creekside Plaza, a 10,030 s/f retail property located in Collingdale, Penn- sylvania, according to Spencer Yablon, regional manager of the firm’s Philadelphia office. The asset commanded a sale price of $3,100,000, or over $300 per s/f. Mark Taylor, Dean Zang and Derrick Dougherty, invest- ment specialists in Marcus &
Mark Taylor and Dean Zang, investment specialists in Mar- cus & Millichap’s Philadelphia office, had the exclusive list- ing to market the property on behalf of the seller, a partner- ship. The buyer, a limited li- ability company, was secured and represented by Matthew Gorman and Michael Shover, investment specialists also out of Marcus & Millichap’s Phila- delphia office. ■
MARCH 30 - APRIL 12, 2012
President Balliet & VP Thompson rep the seller KW Commercial- James Balliet Grp. closes sale of TD Bank for $1.414m
ALLENTOWN, PA—James Balliet, president and Robert Thompson, vice president of KW Commercial-The James Balliet Commercial Group represented the seller D.T. 5 Points, LLC of Allentown, in the transaction and Bill Lenaz of R.J. Brunelli & Co. and Joel Dicker of Metropoli- tan andWaterfront Brokerage represented the buyer Edessa Realty, LLC of Woodbridge, NJ. The contract sale price was $1,414,00, which is a capitalization rate of 7%. The branch is located at 520 Wyandotte Street, at the “five-points” intersection of Route 378 in Bethlehem, PA. ■
Levin Management Corp. leases 22,000 s/f to Michaels
Michaels Stores, Inc. has leased 22,000 s/f at Fairlane Village Mall in Pottsville, according to the retail real estate services firm Levin
Management. See page 30A.
Aptcor Commercial Realtors brokers 20,000 s/f lease
Aptcor Commercial Realtors reports The Mattress Fac- tory has leased the 20,000 S/f former Jonn’s Furni- ture Building inMontgom-
TD Bank North
eryville, PA. See page 31A.
The James Balliet Commercial Group “The Lehigh Valley’s Premier Full Service
Commercial Real Estate Company”
R ETAIL E XPERTS S POTLIGHT ..................................... 33A-43A
• Shopping Center Sales & Leasing • Retail, Office, Medical & Industrial Properties • Distressed Property & Asset Management • Tenant Representation • Business Brokerage • Commercial Land Brokerage • Multi Unit Apartments KW Commercial | 40 S. Cedar Crest Blvd.| Allentown, PA 18104 610-435-4711 www.lehighvalleycommercial.com
R ETAIL B ROKERAGE D IRECTORY ....................................... 45A
B USINESS C ARD D IRECTORY .............................................. 46A
Section B, 28 pages
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