– Dorneyville Center sold for $16.35 million

Allentown, PA, January 31, 2011 – James Balliet, President of KW Commercial-The James Balliet Commercial Group represented the Buyer Shree Mata 4365, LLC of Allentown, Pennsylvania in the transaction and Seth Pollack and Stephen Marzullo of CBRE represented the Seller Dorneyville Shopping Center, LLC of Morristown, New Jersey. The contract sale price was $16,350,000.00. Dorneyville Shopping Center is a 106,842 square ft. grocery anchored neighborhood center located at 3227 Hamilton Blvd. Allentown, PA 18103. The property is adjacent to the famous 125-year old Dorney Park and Wildwater Kingdom amusement park in South Whitehall Township. Dorneyville Shopping Center is anchored by Bottom Dollar Food with other notable tenants including Tappen Japanese Steakhouse, The Chicken Lounge Restaurant, Bounce U, Total Eye Care, Body Elite Fitness, Leading Edge Karate, Subway, Gourmet Buffet and Grill, a newly signed Pizza Hut restaurant and more.