Suresh Kagithapu's LS Property Acquires Dorneyville Shopping Center In Allentown For $17.8M

The Dorneyville Shopping Center, a 101,651-square-foot retail center located at 3245 Hamilton Boulevard in Allentown, eastern Pennsylvania, has been sold for $17.8 million. The property was purchased by Suresh Kagithapu of LS Property from Vikas Joshi of Joshi Hotel Group. The transaction was facilitated by Brad Nathanson and JP Colussi of Institutional Property Advisors (IPA), a division of Marcus & Millichap.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,800,000
• Square Footage: 101,651
• Price per Square Foot: $175
• Address: 3245 Hamilton Boulevard, Allentown, PA
• Market: Allentown, PA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, played a crucial role in facilitating the $17.8 million sale of the Dorneyville Shopping Center. This retail center offers a significant commercial space in the heart of Allentown, making it an attractive investment opportunity for Suresh Kagithapu of LS Property. With the expertise of Brad Nathanson and JP Colussi of IPA, the transaction between Suresh Kagithapu and Vikas Joshi of Joshi Hotel Group was successfully completed.