KW Commercial sells TD Bank branch in Bethlehem, PA… $1,414,000

Allentown,PA (FEB 28, 2012)

James Balliet, President of  KW Commercial-The James Balliet Commercial Group represented the Seller D.T. 5 Points, LLC of Allentown, Pennsylvania in the transaction and Bill Lenaz of R.J. Brunelli & Co. and Joel Dicker of Metropolitan and Waterfront Brokerage represented the Buyer Edessa Realty, LLC of Woodbridge, NJ.  The contract sale price was $1,414,00.00, which is a capitalization rate of 7%.

The branch is located at 520 Wyandotte Street, at the “five-points¿ intersection of Route 378 in Bethlehem, PA.

TD Bank has 1,250 locations along the East Coast and 7.4 million customers. It is a subsidiary of The Toronto-Dominion Bank of Toronto.

“The bank was constructed utilizing TD’s new “green¿ prototype design. It includes a drive-thru canopy with solar panels that will produce almost 20 percent of the bank’s annual energy needs and cost less to build than a traditional bank drive-thru. The new TD Bank branch will target LEED Gold certification based on its overall environmental performance in five areas: the use of a sustainable site, low-water usage, energy efficiency, the use of recycled materials and resources, and indoor environmental air quality¿ according to James Balliet.

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