Institutional Property Advisors exclusively offers grocery anchored retail center for sale in Pennsylvania’s Lehigh Valley

Allentown, PA Institutional Property Advisors (IPA), a division of Marcus & Millichap has been named the exclusive listing of Allen Street Shopping Center, a 46,228 s/f grocery outlet-anchored neighborhood center.

“Constructed in the 1960s, Allen Street has served the Allentown community for decades,” said Dean Zang, IPA executive managing director investments. “This is a proven grocery location that has been home to a number of brands over a few decades.” Zang and David Crotts, in association with Timothy Stephenson, Jr., Marcus & Millichap’s broker of record in Pennsylvania, are representing the seller. “The average tenancy of the center is 17 years, a testament to the seasoning of this institutionally owned asset,” said Crotts.

In addition to Grocery Outlet, Family Dollar, and Bank of America, Allen Street is 93% occupied by tenants such as Metro by T-Mobile, Little Caesar’s Pizza, Flaming Crab Express, and Family Financial Centers.