Real Estate Journal — The Best of 2017 — March 30 - April 12, 2018 — 21C
M id A tlantic
The Best retail sale of 2017
CBRE VA 3146 & 3150 M St, NW Washington, DC
Colliers International Palmer Town Center Easton, PA
Bennett Williams Commercial Quality Center Lancaster, PA
Size: 251,295 SF on 29.12 Acres Broker: Derek Zerfass
Colliers retail specialists Derek Zerfass and Tom Lagos ne- gotiated a $32.3 million sale of The Palmer Town Centre,
a grocery-anchored center, to Phillips Edison in Lehigh Valley after an unusual one-year escrow. The center is located at the intersection of south 25th Street and William Penn Highway in Easton, Penn- sylvania in the Lehigh Valley. The seller was Tenant in Common entity managed by Los Angele-based Festival Compa- nies. Colliers Executive Vice President Tom Lagos, led the negotiations on the
Size: 62,682 SF Brokers: Brad Rohrbaugh, Chad Stine
Size: 12,921 SF Broker: Michael Zacharia
West coast. Colliers Senior Vice President Derek Zerfass, served as the teams’ on-the-ground advance man in Easton, providing market intelligence and local knowledge. The sale underscores continued strong demand for grocery-anchored centers and the booming renaissance of economic develop- ment in the Lehigh Valley.
This 62,682 SF retail shopping center sold as an invest- ment property. The center sits along Lincoln Hwy E (Route 30) at a signalized intersection. It is located less than 1 mile from area draws such as Dutch Wonderland, Tanger Outlets, and the American Music Theatre.
Michael Zacharia assisted Capital One in the purchase of the flagship building located at 3150 M Street at the corner of Wisconsin and M in Georgetown. Capital One asked CBRE to find the best corner in DC for their new café concept.
2018 TOP BROKERS
MARC ISDANER Senior Managing Partner
MARK CHUBB Senior Managing Partner
MICHAEL ZERBE Senior Managing Partner
2018 LARGEST INDUSTRIAL SALE 3700 Industrial Road, Harrisburg, PA Mark Chubb and Michael Zerbe $37.05 million sale 2018 LARGEST RETAIL SALE Palmer Town Center, Easton, PA Derek Zerfass and Tom Lagos $32.3 million sale 2018 LARGEST OFFICE SALE 11, 13, 15 Reads Way, New Castle, DE Carl Neilson and Rick Kingery 124,311 SF, 3-building office campus
I N RECOGNITION OF OUTSTANDING EFFORTS AND DEDICATION TO EXCELLENCE
Main: 215 925 4600; 1801 Market Street; Suite 500; Philadelphia, PA 19103; colliers.com Colliers International I Global Leadership in Real Estate Solutions I 413 offices in 69 countries Local Offices: Philadelphia I Conshohocken I Allentown I Harrisburg I Mt. Laurel I Wilmington
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