August 1, 2016 [Moosic, Lackawanna County, PA]
Colliers International in Philadelphia has been selected to represent Hemingway Development Corporation in the sale of the remaining undeveloped sites at Glenmaura Corporate Center in a bulk portfolio offering of approved, improved and LERTA qualified parcels. These remaining 30 parcels aggregating 189 net buildable acres are projected to accommodate up to 2,500,000 square feet of residential and commercial development.
Glenmaura Corporate Center is a 353-acre premier mixed-use office, retail, entertainment, and residential lifestyle community in Northeastern Pennsylvania with two million square feet of completed and occupied office, retail, restaurant and entertainment facilities. Within the Center and the adjoining W. W. Scranton Office Park are 64 companies staffed by over 5,700 full-time and 1,450 part-time employees drawing on the 500,000 residents within a 20-mile radius. Tenants include Bank of America, Cigna, and Geisinger Health System.
This opportunity is perfectly suited for national and global owner-occupants, builders, developers and investors to invest in hard assets with minimal carrying costs yet significant development potential.
The site is located at the base of Montage Mountain Ski and Waterpark Resort and overlooking the PNC Park AAA Baseball Stadium. Other neighboring amenities include the Pavilion Performing Arts Center, Glenmaura National Golf Club, the 300,000-square-foot Shoppes at Montage lifestyle center, and Cinemark, the only 20-screen movie theater in the market.
The properties are conveniently located on Glenmaura National Boulevard and Montage Mountain Road at Exit 182 of I-81, Moosic, PA in the Scranton/Wilkes Barre metro of Northeastern Pennsylvania two hours west of New York City and north of Philadelphia.