29.5-acre tract in Bethlehem, PA, just sold to River Hills Estates
BETHELEHEM AND EASTON, PA—Colliers International's Allentown office brokered two property sales recently totaling more than 35 acres in Bethlehem and Easton, PA.
Kelly Berfield and Ryan Dietrick of Colliers International's Allentown office facilitated the sales.
Kelly Berfield
The first transaction involved 29.5 acres of land in Bethlehem Township, PA. The team represented both the buyer, River Hills Estates, affiliated with Cahill Properties, and seller Joanne Turocy in the sale of the parcel. The land is accessible to Route 33, I-78 and Route 22 and is just minutes to St. Luke's 500-acre Anderson Campus which features a108-bed hospital, state-of-the-art cancer center and medical office building. The site allots multiple uses under zoning and future plans for the site have not been finalized.
The second transaction involved the last remaining 6.6 acres of raw industrial-zoned land known as Conroy Place Lot 6 in the Forks Industrial Park IV on Conroy Place and Uhler Road in Easton, PA. Colliers represented both the buyer, Triple Net Investments LII and the seller in the $625,000 sale. Triple Net will construct a build-to-suit industrial facility for a future occupant on the site.
Ryan Dietrick
With construction of the property, the park will be considered fully built-out. Tenants include Martin Guitar, Easton Coach, Daniels Health, Kensington Home Fashions, TorcUP Inc., Kadco Ceramics and Curries. The site is just two miles from the Charles Chrin Interchange and the adjacent Chrin Commerce Centre, an area economic driver that is home to Amazon, Mondelez, Porsche, FedEx and others.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
