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Colliers Concludes Sale of Fully Built-Out Restaurant of Montage Resort Area

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MOOSIC, PENNSYLVANIA, May 19, 2021 – Colliers is pleased to announce the sale of 15 Radcliffe Drive in Moosic, PA which was originally listed at $1,500,000. The seller was represented by both Seth Lacey and Scott Horner of Colliers. 

The property houses a former Ruby Tuesday’s, a fully built-out 5,750 square foot freestanding restaurant on 1.47 acres. The asset is influenced greatly by the popular Montage resort area as well as adjacency to PNC Field and inclusion in the highly favorable PDZ (Planned Development Zone) zoning district.

The buyer is property developer FAM VEST PARTNERS, LLC, the future plans for the site are unknown at this time. 

The buyer was represented by Steve Garthwaite of Marcus & Millichap.

 

For further information, contact:

Scott Horner, Vice President
+1 610 359 5869 |  scott.horner@colliers.com

Seth Lacey, Associate
+1 484 273 3567 |  seth.lacey@colliers.com

 

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About Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people.  Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

 

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Scott Horner

Vice President

Allentown

As a vital member of the Lehigh Valley team, Scott’s concentrations are Tenant and Landlord representation in the Allentown-Bethlehem-Easton metropolitan area where he has lived and worked for over 30 years. He specializes in retail and restaurant uses and offers exclusive tenant, landlord, developer and investor representation services.

Scott excels in location searches that meet  the strict requirements of major retailers. His understanding of the demands of national tenants, balanced with the dynamics of the local market again comes to bear as he helps successfully navigate deal negotiations for his clients.  

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Seth Lacey

Vice President

Allentown

Seth joined Colliers’ Lehigh Valley retail team in 2018 to provide tenant, landlord and investor representation services through-out Eastern & Northeastern Pennsylvania. 

He is a native of Birdsboro, PA (Berks County) and currently lives in the Lehigh Valley. As such, he has a solid understanding and familiarity with activity in the market. Clients benefit from his youthful entrepreneurial mindset, extensive market knowledge and his successful track record working with and negotiating for high networth owners, entrepreneurs and businesses.

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