John T. Cognetti, SIOR of Hinerfeld Commercial Real Estate announced the leasing of 35,000 square feet of Class A office space at Glenmaura Plaza in the Glenmaura Corporate Center. The Corporate Center is located at the Montage Road exit of I-81 between Scranton and Wilkes-Barre, Pennsylvania. Glenmaura Plaza consists of three buildings totaling approximately 185,000 square feet.
CPG International Inc leased 22,000, the entire second floor, of Building 52. CPG will consolidate several of their office functions at this location to become their corporate headquarters. Deluxe Digital Studios will expand absorbing 10, 100 square feet on the first floor. Also on the first floor Lehigh Physicians Group will occupy 3,500 square feet.
Mr. Cognetti represented the owners of the Plaza, Tier II Properties, L.P. The Physicians Group was represented by Mike Tamarelli of the Markward Group. Mr. Cognetti said that with these leases the Plaza is 92% occupied with serious interest in the remaining suites. He attributes this increase in demand to the fact that Glenmaura has been recognized as the place to be for regional and national office tenants looking for a presence in Northeastern Pennsylvania.
Glenmaura is a 1000 acres planned unit development. Since its inception, it has grown to become the center of Northeastern Pennsylvania for living, working and play. The combination of ski slopes, a Triple A baseball stadium (the home to the Yankees triple A team), a nationally rated golf course, exceptional residential communities, the Corporate Center, and the soon to open lifestyle center will continue to draw major office tenants to the area. Mr. Cognetti said.
– Courtesy of The Times-Tribune
