Colliers Facilitates Sale and Purchase of FCFCU Brodhead Road HQ

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Credit Union Plans Move to New Trexlertown Site and a New Tenant is Ready for Move-In

April 22, 2020 [Bethlehem, PA] –  Derek Zerfass of Colliers International’s Allentown office represented First Commonwealth Federal Credit Union (FCFCU) in the sale of its existing corporate headquarters at 257 Brodhead Road in Bethlehem, paving the way for the growing credit union’s transition to its newly developed headquarters with adjacent full-service financial center within the Trexler Business Center. Construction on the new facility is within a few months of completion and has been paused amidst the global coronavirus pandemic. Construction will restart on May 8th as a result of recent orders from Governor Wolf. 

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Rendering for new FCFCU’s New Headquarters in the Trexler Business Center  

The 33,000 square foot two-story office building was transferred to an investor, Brodhead Road Holdings LLC, for a sum of $3,000,000. The buyer was represented by Ryan Dietrick and Kelly Berfield, also of Colliers’ Allentown office. The building will not be empty for very long, if at all.  A new tenant has already been procured; however, the announcement date is still to be determined. 

“Colliers was key in helping us navigate the sale. Their diligence, collaboration and focus on building relationships helped us achieve this key milestone. We’re thrilled to be only few months away from moving into our new headquarters. Our new facility will enable us to not only streamline our growing operations and enhance operational efficiency, but also help us better serve our members and create a future-aligned workplace experience to attract and retain the very best talent,” said Tricia Szurgot, Chief Operating Officer at FCFCU.

FCFCU’s search for their new headquarters and financial center location concluded last spring in the purchase of two pad sites at 6126 Hamilton Boulevard in the new Movie Tavern anchored Trexler Business Center in Trexlertown, PA. One pad site will house an 81,000 square foot headquarters building and the other will host its new multi-story Trexlertown financial center, including its first wealth management center. 

FCFCU is the largest credit union in the Lehigh Valley, the #1 Credit Union in PA (Forbes, 2019) and one of America’s Top 50 Credit Unions (Forbes, 2019), serving 66,000 members and 1,500 member companies.  

For further information, contact:
Derek Zerfass, Senior Vice President
derek.zerfass@colliers.com | +1 610 295 6125 

Ryan Dietrick, Senior Vice President
ryan.dietrick@colliers.com | +1 610 359 5869

Kelly Berfield, Senior Vice President
kelly.berfield@colliers.com | +1 610 295 6116

 

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About First Commonwealth Federal Credit Union
First Commonwealth, based in Bethlehem, PA, is a leader in banking innovation and the largest credit union in the Greater Lehigh Valley. With eight financial center locations and a best in class digital banking center, First Commonwealth serves more than 66,000 members and 1,500 member companies in the Greater Lehigh Valley and beyond. As a member-owned, not-for-profit financial cooperative, First Commonwealth is a leader in the B2C and B2B financial services marketplace and has been committed to growth, innovation, technology and personal, friendly service since 1959. First Commonwealth has 170 employees and $700 million in assets and serves its membership through purpose-driven and mission-based values to help members prosper. First Commonwealth FCU is committed to giving back through their First Commonwealth FCU WE Thrive® Foundation and Corporate Social Responsibility initiatives. www.firstcomcu.org


About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

 

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Derek Zerfass

Senior Vice President | Allentown

Allentown

Derek joined Colliers in 2006. He specializes in retail tenant, landlord, developer and investor representation and has more than nine years’ experience in the retail sector in the Lehigh Valley. As a native of the area, he is an expert in local market conditions and recent transactions. This, combined with his entrepreneurial spirit and strategic negotiation skills, have made him a valued asset to his strong client base and a top producer.

 

Derek is a trusted advocate for the landlords, tenants and investors he represents. His focus is on the real estate outcome that best supports their business objectives and he possesses the expertise and commitment to deliver results.

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Ryan Dietrick

Senior Vice President

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Ryan joined Colliers in 2015. He brings more than 17 years of sales experience to his role as Senior Vice President, Office Division. For the past 10 years he was a partner in Dietrick Group — a family owned commercial real estate business and a leading Lehigh Valley commercial real estate firm.  

Ryan specializes in office sales and leasing in the Lehigh Valley and Northeastern Pennsylvania. He has lived in the Lehigh Valley for 30 years. Clients value Ryan’s extensive knowledge of the local market, his honesty and integrity during the sale and leasing process, and his commitment to meeting or exceeding client expectations. 

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Kelly Berfield

Senior Vice President

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Kelly joined Colliers in 2015. She brings more than 15 years of commercial real estate experience to the firm from her time as a partner in Dietrick Group — a family owned commercial real estate business and a leading Lehigh Valley commercial real estate firm  — as well as from practicing law in New Jersey for 10 years as a transactional real estate attorney. She has represented investors, developers, landlords, tenants, and financial institutions in real estate matters such as purchase, sales, refinance, and zoning.

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