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PNC sells downtown building
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…
Lackawanna College to convert downtown office complex into clinic, classrooms, cafeteria
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…
New life planned for plaza in Dunmore
Leasehold acquired for 4.5-acre former Price Chopper site. A local real estate company acquired a leasehold interest in two parcels that make up the former Price Chopper Plaza in Dunmore. A single-purpose entity headed by local real estate developers Gerald and Joseph Ferrario, known as 1400 Monroe LLC, acquired a…