Marcus & Millichap Brokers $12.5 Million Sale of Parkway Shopping Center in Allentown, Pennsylvania

Allentown, Pa. — Marcus & Millichap has brokered the $12.5 million sale of Parkway Shopping Center, a 133,314-square-foot retail center located in Allentown. Colin Reder, Derrick Dougherty and Scott Woodard of Marcus & Millichap arranged the sale on behalf of the undisclosed seller. Neil Campbell and Ian Nordfors of IPA Capital Markets, a division of Marcus & Millichap, secured debt financing on behalf of the buyer. Metro Commercial and KW Commercial will continue to manage and lease the property on behalf of the new ownership.