BETHLEHEM, PENNSYLVANIA, January 17, 2022 – The Colliers Retail Allentown Team is pleased to announce the former Revolutions Multi Venue Entertainment Center located in the Saucon Valley Square Shopping Center at 3717 Route 378 in Bethlehem, has recently traded to 3717 FEC LLC. Pricing was not disclosed. The buyer was represented by both Scott Horner and Seth Lacey of Colliers.
Future plans for the site will be revealed in the coming months.
The site, formerly owned by Frank Entertainment, is unique – the 38,565 square foot facility features a 20-lane bowling alley, arcade, social games and full-service restaurant with multiple bars. The location was shuttered amongst other closures within the chain in 2019 - Philadelphia Fishtown and Rock Hill, South Carolina sites were also affected.
“The family entertainment industry struggled immensely throughout COVID, but it is making a very strong comeback. When Revolutions went dark its impact was felt in this community and so we are proud to have played a part in reigniting this site as an exciting new place to come together and have fun. The new owners have a great vision and are open minded when it comes to plans, they are working harder than anyone to make sure this site has a new reputation. They know the site has great bones and potential, but just needed the right operator that knows the market. There is a lot happening behind the scenes in this part of the Lehigh Valley. It’s going to be special.” shared Seth Lacey of the deal team.
For further information, contact:
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.