Colliers inks sale of health & fitness facility in Kingston

KINGSTON, PA — Colliers completed sale of 500 N 3rd Ave. in Kingston, working as agent to the owner. The team was led by Jeff Algatt, senior vice president 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, PA 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.