The Best retail sale of 2017
3146 & 3150 M St, NW Washington, DC
Size:12,921 SF Broker: Michael Zacharia 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.
Colliers International Palmer Town Center Easton, PA
Size: 251,295 SF on 29.12 Acres Broker: Derek Zerfass Colliers retail specialists Derek Zerfass and Tom Lagos negotiated 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, Pennsylvania in the Lehigh Valley. The seller was Tenant in Common entity managed by Los Angele-based Festival Companies. Colliers Executive Vice President Tom Lagos, led the negotiations on the 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 development in the Lehigh Valley.
Bennett Williams Commercial
Quality Center Lancaster, PA
Size: 62,682 SF Brokers: Brad Rohrbaugh, Chad Stine This 62,682 SF retail shopping center sold as an investment 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.