Hinerfeld Commercial Real Estate announced the sale of 10 Jaycee Drive in the Valmont Industrial Park in West Hazleton, Luzerne County, Pennsylvania to MBC Hazleton, LP. for $1,100,000. Built in the 1960s with additions in the ‘70s and ‘80s, the 199,000 square foot building on ten acres formerly was recently used for the processing of foam rubber.
The building had been unoccupied for a few years. The new owners plan renovations for use as a multi tenant warehouse/distribution facility. John T. Cognetti, SIOR of Hinerfeld Commercial Real Estate located in Scranton, has represented MBC in other real estate projects in Luzerne and Lackawanna Counties and said that MBC has had great success in buying, renovating and leasing older industrial properties similar to this. GFC-Foam was represented by John Van Buskirk, SIOR of NAI/CIR of Harrisburg, Pennsylvania.
– Courtesy of The Times-Tribune
