BETHLEHEM, PA (June 29, 2020) – Lisa Meszler Lyon of ALT Realty of Bethlehem, Pennsylvania, recently represented the sellers of two area commercial properties totaling more than $1.7 million and the buyers of a multi-unit property in Allentown.

The properties:

  1. 6305 Route 309 in New Tripoli is a 10,457-squre-foot commercial property that was purchased for $837,500.
  2. 1534 W. Broad Street in Quakertown is a Class B, 5,655-square-foot office building that was purchased for $900,000.
  3. 387 Chew Street in Allentown is a 2,356-square-foot, 2-unit building with garage that was purchased by Infinite Property Group for $152,000.

“Dawn Gilley, a broker for Re/Max Centre, called me about 1534 W. Broad for her buyers, who needed to fulfill their 1031 exchange. Once we had an agreement on that property, she asked me to help find a second asset to complete their 1031 exchange needs,” says Lyon, Commercial Specialist, ALT Realty.  “After working with the owner of 6305 Route 309, we were able to close both properties on the same day and meet the 1031 exchange fulfillment a week before the deadline.

“For the Chew Street property, we were under agreement prior to the COVID-19 outbreak, and we had hurdles to get over in order to close the deal,” says Lyon. “Settlement was delayed for a month due to the pandemic, but my team worked diligently to reconcile any issues to complete the transaction.”

 

About ALT Realty

ALT Realty is a full-service Real Estate brokerage company designed to accommodate a magnitude of client requirements. ALT Realty offers valuable real estate services and advisement for all aspects of the real estate business. ALT Realty has experience in commercial, office, residential, land development, retail, medical, warehouse, leasing, and sales transactions and will assist clients with tenant and landlord representation, site analysis, construction management, and development services. Since its inception in 2011, ALT Realty has grown to become one of the premier boutique real estate brokerage companies in the Lehigh Valley and has closed more than $85.5 million in sales and completed leasing transactions of more than $139.9 million in value. ALT Realty clients capitalize on long-standing relationships and market knowledge of the Lehigh Valley, spanning from developers, retailers, local hospitals, and other medical service providers, engineers, architects, attorneys, and other brokers. Learn more at: https://alt-realty.net/.