Real Estate Journal — Pennsylvania — March 13 - 26, 2015 — 1C
www.marejournal.com
M id A tlantic
EXCITING DEVELOPMENT OPPORTUNITY!
On behalf of Marywood University, Hinerfeld Commercial Real Estate seeks proposals to purchase and re-develop Marywood South Property, located partly in the Borough of Dunmore and partly in the City of Scranton. The completed Statement of Intent to Purchase and Develop Marywood South must describe the proposed redevelopment project, explain how such redevelopment will benefit the surrounding neighborhoods, describe the final use of the property, and illustrate your capacity to maintain the property. Development proposals will be reviewed by the Board of Trustees of Marywood University for the purpose of evaluating the Statements of Intent and determining which ones will advance to Phase II of the Sale Process. The University reserves the right to deny any and all offers to purchase Marywood South property without explanation. COMPLETED PASE I STATEMENT OF INTENT DUE NO LATER THAN JUNE 1, 2015. Northeastern Pennsylvania 1800 N. Washington Avenue Scranton/Dunmore PA 18509
Consisting of nine buildings in a campus arrangement on 8.5 landscaped acres, it lies within the Green Ridge neighborhood of the City of Scranton and the Hollywood neighborhood of Dunmore Borough. Mountain vistas, a stream traversing the property, and mature landscaping, the site is a park in an urban setting. The location is walking distance to Marywood University’s campus, the neighborhood shopping areas of Green Ridge Corners and Dunmore Corners, and downtown Scranton, at a public transportation bus stop, and within two miles to Interstates 81, 380 and 84 and two and one half hours to either New York City of Philadelphia. The collection of the architecturally beautiful and historic buildings totaling 169,845GSF with the land or the land alone at this location provides for a “one of a kind” real estate development opportunity.
570-207-4100
www.hinerfeldcommercial.com For the Confidentiality Agreement, Offering Memorandum, property inspections and tours contact Hinerfeld Commercial Real Estate, John Cognetti, President, at (570) 207-4100 EXT 200 and (570) 466-3843 or jcognetti@hinerfeldcommercial.com
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