Real Estate Company Lehigh Valley Moves and Renovates Iconic Building in Bethlehem | The Valley Register

BETHLEEM, PA _ Morganelli Properties, a residential and commercial real estate company, has purchased the iconic building across from Liberty High School at 1124 Linden Street for its new headquarters. The local property company plans to renovate the building, once an ice cream shop and pharmacy, and open its new headquarters in Bethlehem by summer. Jeff Barber of Lehigh Financial Group LLC helped brothers/owners John and Chris Morganelli secure an SBA loan to purchase the property for $820,000 and complete the renovations. The deal was concluded at the end of February.

Morganelli Properties is currently located at 1057 Main Street in Hellertown in space it rented when the business opened four years ago. Vice Chairman Chris Morganelli said, “We are delighted with this decision. Our new headquarters will be state-of-the-art, with great taste and class. »

Chris and his brother John, who is chairman of the company, grew up in Bethlehem and used to go on family outings to the ice cream shop, Nuts About Ice Cream, which recently closed after 33 years in business. Lucy Lennon of Morganelli Properties was the listing agent for the 7,500+ square foot building which has two rental units on the second and third floors and will remain so.

Morganelli Properties has more than 40 members of its real estate family, most of whom work remotely, but will be able to use the first floor headquarters once renovated. Heather McFadden is the official broker and owner of the business. She, too, said she was thrilled to move to an “iconic building” in such a “prime location”.

“We plan to have a grand opening and show the public what we’ve done when they’re ready,” Chris said. “We expect the renovations to take two to three months and they are starting now.” Renovations are planned both inside and out.

Chris said Morganelli Properties’ purchase of the building made a statement to the community: “We are here and we are not going anywhere.”

Barber said, “This property is an excellent location with great viability for Morganelli Properties to continue to grow and expand its business.” Barber said he was happy to help arrange financing for the acquisition of real estate.

Lehigh Financial Group, LLC is a leading source of innovative real estate capital solutions and financing options for commercial clients. The Allentown-based company serves the Lehigh Valley region by providing capital to local, regional and national businesses and investors. For more information about Lehigh Financial Group LLC, please visit our website at http://www.lehighfinancialgroup.com.

Information provided to TVL by Beth Orenstein on behalf of:
Lehigh Financial Group, LLC
122 5th Street North
Allentown Pennsylvania 18102
http://www.lehighfinancialgroup.com/


Comments are closed.