Inside Cover C — June 9 - 22, 2017 — Pennsylvania — M id A tlantic
Real Estate Journal
SCRANTON Known as Samters, situated at a prominent corner at Lackawanna and Penn Avenues in Downtown Scranton, it was one of the finest men’s and women’s clothing stores in the region. Converted to offices in the 1990s, vacated a few years ago, the property was foreclosed and scheduled for Sheriff sale. Hinerfeld Commercial Real Estate was hired in September 2016 by the Bank to pre market the property before the sale. We immediately began work and produced a buyer. The 43,000 SF property was sold and closed by years end.
Humboldt Station Hazleton- Hinerfeld Commercial Real Estate was engaged by CAN DO of Hazleton to market land parcels for hospitality, service, and professional businesses adjacent to their successful Humboldt Industrial Park on the I-81 corridor. Hinerfeld Commercial Real Estate sold this six acre parcel to Lehigh Valley based Coordinated Health who is building a 42,000 SF walk-in clinic, ambulatory surgery center and medical offices. CAN DO’s Humboldt Station services not only the Park but the entire Hazleton area on the I-81 Corridor.
WILKES-BARRE (Market Street Square)- Once the passenger rail station for the Central Railroad of New Jersey, this architecturally significant and historic property sat vacant for a number of years after early attempts to redevelop it failed. Situated on six acres of land, Hinerfeld Commercial Real Estate was engaged by the Luzerne County Redevelopment Authority to sell the property to a developer who would reposition the property and preserve the station. The property is sold and work has begun on its adaptive reuse.
CLARKS SUMMIT What was built as a seminary for a college became the North American Headquarters of the Priestly Fraternity of St. Peter. Hinerfeld Commercial Real Estate was engaged by the Fraternity to assist them in finding a property in the region that would be suitable to their needs. After the search began, this property was put on the market and a real estate requirement was satisfied. **
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