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Hamburg Area Grocery Anchored Shopping Center Sold

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HAMBURG, PENNSYLVANIA, May 19, 2021 – Colliers is pleased to announce the investment sale of a 37,840 square foot grocery anchored shopping center at 552 State Street. Scott Horner, Vice President and Derek Zerfass, Senior Vice President of Colliers successfully brokered the transaction, representing both buyer Sar and Company and seller Linda King. 

The asset is anchored and corporately guaranteed by Weis Markets, a Pennsylvania based regional supermarket chain with over 200 locations throughout the Midatlantic region. 

“Notably the property had been on the market for over a year prior to listing with Colliers. We are proud of our team’s ability to deliver demand – not only did we source multiple buyers immediately we were able to secure backup buyers to allow the team to successfully conclude the sale at the desired asking rate.” noted Horner.

 

For further information:

Derek Zerfass, Senior Vice President
+1 610 295 6125 |  derek.zerfass@colliers.com

Scott Horner, Vice President
+1 610 359 5869 |  scott.horner@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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Related Experts

Derek Zerfass

Senior Vice President | Allentown

Allentown

Derek joined Colliers in 2006. He specializes in retail tenant, landlord, developer and investor representation and has 15 years years’ experience in the retail sector in the Lehigh Valley.  Derek has an in depth understanding and knowledge of the land development process and has completed in upwards of over 30 pad site deals in the last few years alone.  As a native of the area, he is an expert in local market conditions and recent transactions. This, combined with his entrepreneurial spirit and strategic negotiation skills, have made him a valued asset to his strong client base and a top producer.

 

Derek is a trusted advocate for the landlords, tenants and investors he represents. His focus is on the real estate outcome that best supports their business objectives and he possesses the expertise and commitment to deliver results.

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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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