Larken Associates Inks Retail Lease with First Commonwealth Federal Credit Union at Allentown Commons
Credit Union Secures 3,275-Square-Foot Financial Center at Mixed-Use Shopping Center
Larken Associates, a leading full-service commercial and residential real estate firm, announces a 3,275-square-foot retail lease with First Commonwealth Federal Credit Union (First Commonwealth) at Allentown Commons, located at 1302 Hanover Avenue in Allentown, PA.
First Commonwealth will operate a retail financial center, including a double drive-thru interactive teller machine (ITM), as well as financial advisory and other customary banking services. With more than $1.4B in assets, First Commonwealth is the largest credit union based in the Greater Lehigh Valley, serving members with modern, technology-enabled banking and experienced advisory teams. First Commonwealth is also a commercial leasing tenant at Larken Associates’ Carbon Plaza in Lehighton, PA, where it recently constructed a new 2,600-square-foot freestanding branch.
Experienced Brokerage Teams Execute Commercial Real Estate Transaction
Victor Kelly, Executive Vice President of Larken Associates’ Commercial Division, represented ownership in the transaction and Derek Zerfass and Scott Horner of Colliers International represented the tenant.
“First Commonwealth has grown their presence across our Pennsylvania portfolio,” said Kelly. “Their continued expansion reflects the strength of the local market and the value of well-located and professionally managed properties. We are proud to support their growth and the services they bring to Allentown and throughout the Lehigh Valley region.”
Strengthening Larken Associates’ Pennsylvania Retail Space Portfolio
Allentown Commons is a contemporary five-building shopping center with 70,612 square feet of retail, office and medical space for lease. Home to a diverse mix of tenants including Planet Fitness, Family Dollar, Health Network Laboratories and others, the center is situated in a densely populated residential area of Allentown and offers convenient accessibility via Routes 22, 33, 78 and 309.
Larken Associates has been a valued partner as we continue to enhance member service across the region. Allentown Commons gives us the right combination of location, accessibility, and flexibility to better serve our members. We appreciate Larken’s collaborative approach and are excited to be part of a development that supports how our members bank today while staying connected to Allentown community.
Commercial Space for Lease Available at Allentown Commons
Allentown Commons currently has retail/office spaces available for lease, ranging from 1,880 to 2,428 square feet. Please contact Victor Kelly at (908) 874-8686 or VKelly@Larken.net, and visit https://www.larkenassociates.com/commercial-leasing/allentown-commons for more information.
About Larken Associates
Larken Associates is a leading full-service commercial and residential real estate firm based in Branchburg, New Jersey. Leveraging over 60 years of experience, their long-term ownership strategy and full suite of in-house capabilities brings great spaces to live and work to life. Across a diverse commercial portfolio spanning nearly four million square feet and 1,200 tenants across office, industrial, retail and mixed-use properties, and approximately 3,000 residential units across 20 unique communities with another 1,500 in the development pipeline, Larken Associates is deeply committed to the communities in which they work as well as the tenants and residents who call their buildings home. To learn more about Larken Associates, please visit us at https://www.LarkenAssociates.com and follow us on LinkedIn, Facebook, X and Instagram.
About First Commonwealth Federal Credit Union
First Commonwealth, headquartered in Allentown, PA, is a regional credit union providing personal, business, and digital banking services to members in Pennsylvania and New Jersey. With 14 locations, it serves over 98,000 members and 2,400 companies. Since 1959, First Commonwealth has prioritized growth, innovation, technology, and friendly service. First Commonwealth has 260+ employees and over $1.4 billion in assets, operating as a member-owned, not-for-profit financial cooperative embodying purpose-driven values.
