{"id":1004438704,"date":"2020-05-13T05:17:02","date_gmt":"2020-05-13T13:17:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004438704"},"modified":"2025-02-26T03:20:59","modified_gmt":"2025-02-26T11:20:59","slug":"colliers-arranges-5m-philadelphia-area-retail-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/colliers-arranges-5m-philadelphia-area-retail-deal\/","title":{"rendered":"Colliers Arranges $5M Lehigh Valley Retail Deal"},"content":{"rendered":"<div id=\"attachment_1004439172\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Bethlehem-Village-Shoppes.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004439172\" data-attachment-id=\"1004439172\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/colliers-arranges-5m-philadelphia-area-retail-deal\/bethlehem-village-shoppes\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Bethlehem-Village-Shoppes.png\" data-orig-size=\"1053,790\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Bethlehem Village Shoppes\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Bethlehem Village Shoppes. Image via Google Street View&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Bethlehem-Village-Shoppes.png?w=1024\" loading=\"lazy\" class=\"wp-image-1004439172 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Bethlehem-Village-Shoppes.png\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Bethlehem-Village-Shoppes.png 1053w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Bethlehem-Village-Shoppes.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Bethlehem-Village-Shoppes.png?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Bethlehem-Village-Shoppes.png?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004439172\" class=\"wp-caption-text\">Bethlehem Village Shoppes. <em>Image via Google Street View<\/em><\/p><\/div>\n<p>Colliers International has completed the $4.5 million sale of Bethlehem Village Shoppes, a 31,450-square-foot multi-tenant shopping center in Bethlehem, Pa.&nbsp;<\/p>\n<p>Senior Vice Presidents Jeff Algatt and Derek Zerfass, along with Vice President Scott Horner, represented the seller, a private investor. W.C. Weiss of Equis&nbsp;Commercial Real Estate assisted the 1031 exchange buyer.&nbsp;QNB Group provided acquisition financing.&nbsp;<\/p>\n<p>Located at 3650 Nazareth Pike, Bethlehem Village Shoppes is leased to a diverse roster. Tenants include Painting with a Twist, Mitzi\u2019s Table, Revolution Styling, Kumon, H&amp;R Block, the Northampton County Court of Common Pleas and&nbsp;Atlantic Aquatic. The property is 1 mile from Lehigh Valley Thruway, in a dense residential area. Downtown Bethlehem is 4 miles away.<\/p>\n<p>The new owner has retained&nbsp;Zerfass and Horner to spearhead leasing services. Prior to the sale, the duo was in charge of leasing on behalf of the previous owner as well. In April, another Colliers team arranged the <a href=\"https:\/\/www.commercialsearch.com\/news\/colliers-brokers-7m-austin-retail-sale\/\">$7.4 million sale<\/a> of a fully leased retail property in Austin, Texas.<\/p>\n<p><em>If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in&nbsp;<\/em><a href=\"https:\/\/www.surveymonkey.com\/r\/BrokersCorner\" target=\"_blank\" rel=\"noopener\"><strong><em>our short form<\/em><\/strong><\/a><em>&nbsp;or send your deal to&nbsp;<\/em><a href=\"mailto:deals@cpe-mhn.com\" target=\"_blank\" rel=\"noopener\"><strong><em>deals@cpe-mhn.com<\/em><\/strong><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senior Vice Presidents Jeff Algatt and Derek Zerfass, along with Vice President Scott Horner, represented the seller.<\/p>\n","protected":false},"author":868,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,10,1494,21749],"tags":[33536,32763],"class_list":["post-1004438704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-northeast","category-philadelphia","category-retail","tag-1031-exchange","tag-colliers-international"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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