M id A tlantic Real Estate Journal — Retail Development Reimagined — June 18 - July 22, 2021 — 15A


R etail D evelopment R eimagined

A M B U R G a n d MOOSIC, PA — Col - liers announced the in - Garthwaite of Marcus & Millichap reps. seller in 5,750 s/f freestanding restaurant sale Horner and Zerfass of Colliers broker grocery anchored shopping center sale in Hamburg, PA H

vestment sale of a 37,840 s/f grocery an - chored shop- ping center at 552 State St. in Ham - burg. Scott Horner , vice president and Derek Zer- fass , senior vice president o f Co l l i e r s successfully brokered the transaction, representing both buyer Sar and Com - p a n y a n d seller Linda King. The asset is anchored and corporately guaranteed by Weis Mar - ke t s , a PA based region -

Scott Horner

552 State St.

15 Radcliffe Dr. in Moosic, PA

Derek Zerfass

Seth Lacey

al supermarket chain with over 200 locations throughout the Midatlantic region. “Notably the property had been on the market for over a year prior to listing with Colliers. We are proud of our team’s ability to deliver de - mand – not only did we source multiple buyers immediately we were able to secure backup buyers to allow the team to successfully conclude the sale at the desired asking rate.” noted Horner. In a second transaction, Col - liers announced the sale of 15 Radcliffe Dr. in Moosic, PA which was originally listed at $1.5 million. The seller was represented by both Seth Lac- ey and Scott Horner of Colliers. The property houses a for - mer Ruby Tuesday’s, a fully built-out 5,750 s/f freestanding restaurant on 1.47 acres. The asset is influenced greatly by the popular Montage resort area as well as adjacency to PNC Field and inclusion in the highly favorable PDZ (Planned Development Zone) zoning district. The buyer is property de - veloper FAM VEST PART- NERS, LLC , the future plans for the site are unknown at this time. The buyer was represented by Steve Garthwaite of Mar- cus & Millichap . MAREJ

Relocation Opportunities Wanted

PENNSYLVANIA COUNTIES OF INTEREST INCLUDE: Bradford, Bucks, Carbon, Columbia, Lackawanna, Lehigh, Luzerne, Lycoming, Monroe, Northampton, Pike, Schuylkill, Sullivan, Susquehanna, Tioga, Wayne, Wyoming TYPES OF LOCATIONS WANTED: End Cap, In-Line, Drive-Thru, Free Standing

PLEASE CONTACT: Abbie Muto muto_a@sdepa.com | Cheryl Green green_c@sdepa.com (610) 366-8120 • www.sdepa.com

Made with FlippingBook Ebook Creator