KINGSTON, PA — Colliers recently completed sale of 500 N 3rd Ave. in Kingston, working as the agent to the owner.
The team was led by Jeff Algatt, senior VP of Capital Markets, with assistance of John Susanin, a senior managing director with Colliers.
This fully occupied commercial building is in the affluent suburb of Kingston located directly across the Susquehanna River from Wilkes-Barre’s CBD. A class A property, 500 N 3rd Ave. boasts high-end finishes and superior street visibility.
The 25,545 s/f, single story building is anchored by Vive Health & Fitness, a luxury health club offering training, group fitness and spa facilities of the highest quality in the Wilkes-Barre market. Additional tenants are Dental Specialists of NEPA, and Shine Salon.
The buyer is a high-net-worth individual procured by Jeff who resides in the Back Mountain and owns additional real estate investments in the Wilkes-Barre metro.
With this transaction Jeff Algatt has served as exclusive agent in the sale of six different significant office and retail investments in Wilkes-Barre: 500 3rd Avenue, 2 Public Square, 15
Public Square, 39 Public Square, 15 South Franklin Street and Midtown Village Shopping Center.