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Allentown, Hawley, Duryea and Hamlin, Pa. — Eastern Union Funding has arranged $12.2 million in acquisition financing for the purchase of a five-property shopping center portfolio located in Pennsylvania.
Marc Tropp and Barry Dollman of Eastern Union secured the financing through Peapack Gladstone Bank on behalf of the borrower, America’s Realty LLC. The portfolio totals 332,000 square feet, and includes Eastside Plaza and Union Boulevard Plaza in Allentown, Lords Valley Plaza in Hawley, Duryea Plaza in Duryea and Hamlin Plaza in Hamlin. The seller, a family trust from California, was represented by Metro Commercial Real Estate’s Paul Rumley in the disposition.