WIND GAP, PA. - August 18, 2026 – Colliers, a leading diversified professional services and investment management company, is pleased to announce the $18.4 million sale of Wind Gap Plaza. The 91,814-square-foot, Giant-anchored community shopping center is located at 87 Male Road in Wind Gap, Pennsylvania. The sale was facilitated by Colliers' Lehigh Valley brokerage team of Senior Vice President Derek Zerfass, Senior Vice President Jeff Algatt and Vice President Scott Horner on behalf of returning client CenterPoint Pr...
WIND GAP, PA. - August 18, 2026 – Colliers, a leading diversified professional services and investment management company, is pleased to announce the $18.4 million sale of Wind Gap Plaza. The 91,814-square-foot, Giant-anchored community shopping center is located at 87 Male Road in Wind Gap, Pennsylvania. The sale was facilitated by Colliers' Lehigh Valley brokerage team of Senior Vice President Derek Zerfass, Senior Vice President Jeff Algatt and Vice President Scott Horner on behalf of returning client CenterPoint Properties, Inc., of Decatur, Georgia. The center was acquired by Highland Estates Developers, LLC, of East Norwich, New York.
Wind Gap Plaza is 97% leased and serves the surrounding Slate Belt region with a mix of daily-needs retail tenants. Located just off Route 33, the shopping center benefits from strong regional connectivity and access to a growing consumer base across Northampton County and neighboring communities. The asset is positioned within the Lehigh Valley, one of Pennsylvania’s fastest-growing metropolitan areas with access to major East Coast markets including New York and Philadelphia.
The center’s stable occupancy and durable cash flow profile attracted Highland Estates Developers, which acquired the asset as the replacement property in a 1031 tax-deferred exchange, further expanding its retail portfolio throughout the Lehigh Valley. Retail properties with strong locations, stable occupancy and essential-service tenants continue to attract investor interest despite a more selective capital markets environment.
"This transaction fulfilled both the seller's and the buyer's investment criteria and time constraints," said Derek Zerfass, Senior Vice President at Colliers. "Our seller was pleased with the buyer's qualifications and quick closing time frame, and Highland Estates Developers was able to expand its existing portfolio of similar properties in the Lehigh Valley while acquiring Wind Gap Plaza as its up leg in a 1031 tax-deferred exchange."
The sale highlights continued investor demand for well-located retail assets with strong tenant fundamentals and reinforces Colliers’ ability to execute successful transactions for owners and investors across the Lehigh Valley.
For further information, please contact: Media Contact Goldin Solutions for Colliers [email protected] (646) 660-8649
About Colliers Colliers is a global diversified professional services and investment management company operating through three industry-leading businesses: Commercial Real Estate, Engineering and Investment Management. With greater than a 30-year track record of consistent growth and strong recurring cash flows, we scale complementary, high-value businesses that provide essential services across the full asset lifecycle. Our unique partnership philosophy empowers exceptional leaders, preserves our entrepreneurial culture, and ensures meaningful inside ownership – driving strong alignment and sustained value creation for our shareholders. With $6 billion in annual revenues, 28,000 professionals, and $110 billion in assets under management, Colliers is committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com.