Hilton Tru and Home2Suites coming to First 33 Commerce Center in Easton

January 17, 2019 [Easton, PA] Derek Zerfass of Colliers International’s Allentown office represented First Industrial Realty Trust in the sale of 8.5 acres at First 33 Commerce Center known as Lot 3. The lot is at the corner of Route 248 and Eastgate Boulevard and was sold to Central PA Equities 26, LLC for $4,125,000. Tru by Hilton is a new Hilton concept with smaller rooms and enhanced lobbies marketed as “vibrant, affordable and young at heart.” The hotels will be opposite the entrance of the newly constructed state-of-the art 584,000 square foot industrial park. Nearby retailers Wegman’s, Target, Walmart, Kohl’s, Regal Cinemas continue to make Route 248 a bustling retail corridor of the Lehigh Valley. 

Lot #1 which is 2.5 acres at the same lighted intersection remains available for sale. All inquiries should be directed to Colliers International:

Derek Zerfass, Senior Vice President
610-295-6125
Derek.Zerfass@colliers.com

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About First Industrial Realty Trust
First Industrial Realty Trust is a leading owner and operator of industrial real estate and provider of supply chain solutions to multinational corporations and regional customers. Across major markets in the United States, First Industrial’s local experts manage, lease, buy, develop, and sell bulk and regional distribution centers and other industrial facility types.

About First 33 Commerce Center
First 33 Commerce Center is located directly off of Route 33 in Northampton County, Lehigh Valley, PA. The site offers convenient access to I-78 and I-80 enabling multiple route connectivity to the NYC Metro/ New England markets, plus the Mid-Atlantic states. Lehigh Valley is within one day’s drive of 1/3 of the U.S. population and 1/2 of the Canadian population.

About Colliers International
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is an industry-leading real estate services company with a global brand operating in 69 countries and a workforce of more than 15,400 skilled professionals serving clients in the world’s most important markets. Colliers is the fastest-growing publicly listed global real estate services company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting. Regionally, Colliers International has served clients in the Philadelphia area since 1920 and comprises six offices in Eastern Pennsylvania, Southern New Jersey, and Delaware. For the latest news from Colliers International, visit colliers.com/allentown, or visit us on Facebook: www.facebook.com/colliersallentown
 
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