Wednesday, February 22, 2012

Dorneyville Shopping Center Trades for $16.4M

"Shree Mata 4365 LLC purchased the Dorneyville Shopping Center located at 3245 Hamilton Blvd. in Allentown, PA for $16.35 million, or about $153 per square foot.

The 106,842-square-foot retail property is located in Lehigh County and sits on 8.45 acres. The building was delivered in 1967 with renovations completed in 2003. The shopping center is reportedly 96% occupied and is anchored by Bottom Dollar Food. Other tenants include Total Eye Care, Tappen Japanese Stake House, Pizza Hut, Chicken Lounge and many more. The center features more than 400 parking spaces."

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