MAREjournal.com
Mid Atlantic Real Estate Journal — Brokerage Directory — July 29 - August 11, 2011 — 7C
BROKERAGE DIRECTORY Including 200 Keystone Park Road, Dunmore
Capobianco of Colliers International brokers $7.7 million in five transactions
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EHIGH VALLEY, PA — Colliers International recently facilitated five transactions in the Lehigh Valley region and Northeastern Pennsylvania. Michael Capobianco of Colliers brokered the following transactions:
Road, Dunmore (Scanton), PA – 490,000 s/f building purchased for $3,500,000 by an affiliate owned by Louis DeNaples. The seller was Wells Fargo who had foreclosed on the property. Capobianco represented Mr. DeNaples in the transaction.
• 200 Keystone Park
• 1550 Valley Center Parkway, Bethlehem, PA – 28,138 SF of Class A office space leased by Lehigh Valley Academy, a charter school serving the Bethlehem and Saucon Valley School Districts. Liberty Property
Colliers Int’l. secures buyer for 14,500+ s/f SC Michael Capobianco
Trust was the owner of Valley Center Parkway, which they subsequently sold to Penn Cap Properties. The lease value exceeded $2,100,000. • 1690 E. Race Street, Allentown, PA – 73,500 s/f lease renewal and expansion by Unclaimed Freight. Capobianco represented both sides of the transaction with owner Atlas Developers. • 2158 Avenue C, Lehigh Valley Industrial Park I, Bethlehen, Pa – 36,000 s/f lease extension of this office/
flex building. Capobianco was the lead broker with the team of Lee Fein and Michael Zerbe who exclusively represented RCN Telecom Services with the owner Belhaven Capital. The lease value exceeded $1,300,000. • 6350 Hedgewood Drive, Allentown, PA – 30,182 s/f lease expansion by Allentech. Colliers exclusively represented Liberty Property Trust, owner of this flex/warehouse building in their Meadows Business Center. ■
AVAILABLE
200,000 SF Production/Warehouse/Office 4444 INNOVATION WAY, ALLENTOWN, PENNSYLVANIA
Derek Zerfass
1403 N. Cedar Crest Boulevard
PROPERTY INFORMATION
ALLENTOWN, PA — Cedarcrest Group, LLC purchased a 14,757 square foot shopping center located at 1403 N. Cedar Crest Boulevard in Allentown, PA – Lehigh County - for $3,850,000. The center is near the intersection of Rt. 22 and Cedar Crest Boulevard, adjacent to the newly refurbished retail center on the west end of Allentown. The property includes a mix of retail and professional offices; tenants include Dunkin’ Donuts, Saladworks and First Trust Bank. Derek Zerfass of Colliers International represented the buyer, Cedarcrest Group, LLC. Michael Blunt of CB Richard Ellis, Inc. represented the seller, Franklin Cedar Pointe Associates, L.P. of Blue Bell, PA. ■
> 200,000 SF > 40,000 SF office included > 3000 amp, 120/208 & 277/480 volt, 3 phase electric service > 50-60 foot candle lighting in production and warehouse > 18’-20’ interior clear ceiling height > 7 tailgate doors, 1 drive-in (expandable) > 210 parking spaces (expandable) > 25 acre lot allows for building expansion > Located in close proximity to Lehigh Valley International Airport, I-22, I-78, I-33 with easy access to I-476 and New Jersey
FOR MORE INFORMATION CONTACT:
MIKE CAPOBIANCO, SIOR Senior Vice President DIR +1 610 295 6128 mike.capobianco@colliers.com
BRIAN DONLEY Vice President DIR +1 215 928 7549 brian.donley@colliers.com