A decade ago when real estate up-and-comer Charles Hibble looked for a headquarters for his business, Scranton was a natural choice. He invested $1.2 million converting an aging building on Penn Avenue into modern offices and apartments. Mr. Hibble accepted real estate tax and parking cost increases and the mercantile…
PNC Financial Services Group sold its regional headquarters building in Scranton on Wednesday and agreed to a long-term lease on the structure. The 113,000-square-foot building at Penn Avenue and Spruce Street, was acquired by a subsidiary of American Realty Capital Properties Inc., said Jason Beyersdorfer, a PNC spokesman. The sale…
By David Falchek Published: July 24, 2014 – Scranton Times In a property acquisition that will change Lackawanna College and bring life to a long-languishing downtown anchor, one of the city’s largest office complexes, Adams Plaza, will become classrooms, a clinic and a cafeteria. Officials expect to buy the deeply…
