S HOPPING C ENTERS
Mid Atlantic Real Estate Journal — Shopping Centers — February 24 - March 15, 2012 — 15
www.marejournal.com
LLENTOWN, PA — James Balliet, presi- dent of KW Com- Pollack & Marzullo of CBRE rep seller in 106,842 s/f grocery anchored center Balliet of KW-The James Balliet Commercial Group reps buyer in $16,350,000 sale A sented the seller Dorneyville Shopping Center, LLC of Morristown, New Jersey. The
year old Dorney Park and Wildwater Kingdom amuse- ment park in South White- hall Township. Dorneyville Shopping Cen- ter is anchored by Bottom Dollar Food with other nota- ble tenants including: Tappen Japanese Steakhouse, The Chicken Lounge Restaurant, Bounce U, Total Eye Care, Body Elite Fitness, Leading Edge Karate, Subway, Gour- met Buffet and Grill, a newly signed Pizza Hut restaurant and more. ■
mercial-The James Bal- liet Commer- cial Group, represented t h e buy e r Shree Mata 4365, LLC of Allentown, Pennsylva-
contract sale p r i c e wa s $16,350,000. Dorneyville S h o p p i n g Center is a 106,842 s/f. grocery an- choredneigh- borhood cen-
James Balliet
Stephen Marzullo
nia in the transaction and Seth Pollack and Stephen Marzullo of CBRE repre-
ter located at 3227 Hamilton Boulevard. The property is adjacent to the famous 125
Dorneyville Shopping Center
Morris & Stewart arrange ten year non-recourse loan CronheimMortgage Finances $4.2m Macy’s Furniture Gallery in NJ
Stine & Rohrbaugh rep buyer, seller CBC Bennett Williams brokers $7.2m sale of SC
MAPLE SHADE, NJ — Cron- heim Mortgage has arranged 10 year, non-recourse financing for the subject, a 72,625 s/f re- tail store located at 493 Route 38 West, in Maple Shade. Dev Morris and Andrew Stewart arranged the ten year fixed rate financing which amortizes over a 20 year schedule for the borrower, Heritage I Office Center, LLC . Maple Shade Square is lo- cated 3.7 miles east of Cherry Hill Mall and 1.4 miles west of Moorestown Mall. It is six miles east of Philadelphia. The subject is located approximate- ly one-half mile west of the intersection of Route 38 and
Macy’s Furniture Gallery
Route 73, a major retail and commercial corridor that runs north/south through southern New Jersey, and links directly
to Interstate 295 and the NJ Turnpike. The property was originally developed as a Hech- inger’s hardware store. ■
2504 Eastern Blvd.
YORK, PA— COLDWELL BANKER COMMERCIAL BENNETTWILLIAMS—has arranged the following sales and lease transactions: Sales: Kingston Square shopping center (66,200 s/f; 7.24 acres) at 2504 Eastern Blvd. located York. Kings- ton Square Assoc. LLC pur- chased the shopping center from Kingston Fixed Income L.P. for $7.2 million. Chad Stine & Brad Rohrbaugh of Bennett Williams Realty, Inc. represented both the buyer and the seller in the transaction. Free-standing Verizon Wireless NNN investment
(.6 acre; 3,200 s/f of retail space) at 5697 Shaffer Rd. located in Debois. Szene Realty LP purchased the property from WSR Hold- ings. Chad Stine and Brad Rohrbaugh of Bennett Wil- liams represented the seller in the transaction. Leases: 1,600 s/f of retail space at Silver Spring Square at 6416 Carlisle Pike in Me- chanicsburg. 2705 Ventures, LLC d/b/a Sweet Frog leased the space for five years from Silver Springs II, LP. Chad Stine and Brad Rohrbaugh of Bennett Williams repre- sented the landlord in the transaction. ■
110 N. George Street, 4 th floor York, PA 17401 ph: 717-843-5555 fax: 717-843-5550 www.bennettwilliams.com SERVING CENTRAL PENNSYLVANIA FOR OVER 50 YEARS
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