Hinerfeld Commercial Real Estate announces today the successful sale of a 101-acre property in Throop, Pennsylvania, formerly known as the Marjol Battery Federal Superfund Site.
The transaction represents a major milestone in the property’s evolution from a formerly contaminated industrial property to land positioned for future residential development. The former Marjol Battery site was remediated through a comprehensive environmental cleanup led by Gould Electronics, Inc., under the oversight of the U.S. Environmental Protection Agency (EPA) and the Pennsylvania Department of Environmental Protection (PADEP). On August 5, 2010, PADEP approved the final remedy, confirming completion of the remediation. Subsequent regulatory reviews have verified the continued effectiveness of the cleanup.
Located along the Lackawanna River in Throop, the approximately 101-acre property is expected to be developed into a residential community featuring new housing opportunities and preserved green space, contributing to the continued growth and revitalization of the surrounding area. The buyer, Pine Tree Properties 1 LLC, was represented by Colin L. Keefer of Hinerfeld Commercial Real Estate. The seller, Gould Electronics Inc., was represented by Bob J. Vanston of Berkshire Hathaway HomeServices Preferred Properties in Clarks Summit.
About HINERFELD CRE:
Hinerfeld Commercial Real Estate is a market leader in the brokerage of retail, office, medical office and industrial properties in Northeastern PA. Our knowledge of the Commercial Real Estate business is deep and our connections strong. Quality service to our clients, integrity, market knowledge, community involvement and professionalism are core values incorporated in our daily business practices. The outcome has been the opportunity to represent a variety of regional, national and international corporate and individual clients.
Throughout the course of the Company’s history, Hinerfeld Commercial Real Estate has been privileged to have as clients many regional and national companies including: AT&T, Aramark, Fastenal, Cargill, Akzo-Nobel, FEDEX, Geisinger Healthcare Systems, Lehigh Valley Health Network, Allied Services Integrated Health System, Dish Network, MAB Paints, Media News Group Inc., Motion Industries, Rentokil Inc, GE Capital, Hertz Penske, Schwan’s, Frito Lay, Wells Fargo, Pentagon Federal Credit Union, Fidelity Bank, Tredegar Corporation, Turkey Hill, Met Life, RCN/Astound! and Valmont Industries to name a few.
