SUMMIT COMPLETES SALE FOR NEW RETAIL DEVELOPMENT
BETHLEHEM, PA. — Allentown, Pa.-based Summit Management & Realty Co. has completed the sale of the former Kospiah’s Nursery located at 2897 Easton Ave. in Bethlehem. The undisclosed buyer plans to raze the building and construct a 20,000-square-foot neighborhood shopping center on the property. It will contain 12 stores, and the grand opening has been scheduled for October. Jennifer Gold of Summit negotiated the transaction between the buyer and the sellers, Marion and Barry Kospiah. The acquisition price was not disclosed.