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Colliers Facilitates Three Hamilton Boulevard Land Sales

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Paving Path for Future “Shepherd’s Corner” of the Lower Macungie Retail Corridor

September 1, 2020 [Allentown, PA] –  Derek Zerfass and Scott Horner of the Colliers Allentown retail team have facilitated the land sales of 5621, 5591 and 5573 Hamilton Boulevard in Allentown, PA. The team worked on behalf of the owner, transacting the sales for $1,525,000. Purchaser TimTay Properties is a commercial real estate development company focusing in national tenants specializing on the development of single net tenant properties.

Together, the adjacent sites comprise a prime 2.3 acre retail corner at Lower Macungie’s “Main and Main” – the intersection of Hamilton Boulevard and Krocks Court. The up-and-coming corridor features a diverse blend of businesses and retailers with shopping center Hamilton Crossings, Movie Tavern, the headquarters of both Air Products and First Commonwealth Federal Credit Union along with Hotel Hyatt.

The Colliers team will retain leasing on the prime retail development site, curating an upscale mix of retail tenants for what is to be “Shepherd’s Corner.”  The development site will accommodate a 9,600 square foot retail strip center, of which ground-breaking will be occurring shortly. A 3,000 square foot outparcel will also be developed for a credit union.
  
Approximately a year ago, and at the conclusion of an extensive strategic planning process, Lower Macungie updated its zoning in order to provide a road map for future development within the Hamilton Boulevard commercial zone. As part of the process, site design guidelines were provided for the land development process aimed at addressing growing public interest in a strong walkable community.

The Wescosville Commercial Zone, in which the properties reside, encourages pedestrian-friendly development that might, for example, require buildings to sit close to the street and have their parking in the back. The new design standards also lay out recommendations for how developers should build parking lots, buffers, roofing, signage and other elements.

“The Shepherd’s Corner development team really embraced our new community design standards and worked to produce a redevelopment plan that supported our goals. The end result is an attractive commercial enclave that will be a welcoming and walkable community destination.” said commissioners President Ronald W. Beitler. “This is a prime example of positive private-public partnerships that supports community vision.” 

The site will also include a new corner parklet plaza with benches and “Wescosville, Lower Macungie” community identification signage provided by the development team.

“Lower Macungie is cultivating a special commercial corridor that will resonate with residents and customers. Retail may be under stress at the moment but we are long term bullish on what we have here – and that the most exciting retailers will continue to be attracted to quality community-centered developments.” shared Derek Zerfass.

Completion of construction on Shepherd’s Corner is expected by 3rd Quarter of 2021. The Colliers leasing team can be contacted for leasing inquiries.  

For further information, contact:
Derek Zerfass, Senior Vice President
derek.zerfass@colliers.com | +1 610 295 6125 

 

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About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

 

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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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