4D — December 24, 2021 - January 20, 2022 — Year in Review 2021 — M id A tlantic Real Estate Journal
www.MAREJ.com
Y ear in R eview 2021
By John L. Augustine III, Penn’s Northeast Northeastern Pennsylvania has Record Year
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plans to create between 50 and 100 jobs. • Re-Match, an interna- tional recycler of artificial turf fields, has chosen Hanover Twp. in Luzerne County as its first North American recy - cling facility. Investing nearly $12.2 million in the project, Re-Match will create approxi- mately 40 new, full-time jobs. • HMTX Industries, a global manufacturer of building ma- terials, selected an existing 313,000 s/f building in Pittston for a new luxury vinyl tile manufacturing facility, creat- ing 115 good-paying jobs. Geisinger Continues Re- gional Investments! • In a joint venture with Acadia Healthcare, Geisinger announced two new facilities that are expected to create approximately 200 new jobs by 2024. The first facility will be a 73,000 s/f, 96-bed inpatient behavioral health facility to be built at 60 Glenmaura Nation- al Boulevard. A similar facility will be built in Danville and will open in 2023. Geisinger is investing $80 million for both facilities. • Geisinger is also convert- ing a former Walmart depart- ment store building into an establishment offering an ar- ray of medical services. This additional $80 million invest- ment will create more than 150 jobs. And now we finally know where the “CLOUD” is lo- cated…. • Talen Energy has begun construction of a zero-carbon Bitcoin mining facility in Sa- lem Twp. • I n a d d i t i o n t o t h e 180-megawatt Bitcoin min- ing facility, multiple data centers powered directly by Susquehanna’s two nuclear units are being constructed. Cloud computing operators like Amazon, Google, and Mi- crosoft are looking for low-cost, highly reliable, and carbon- free energy. The first phase of the $400 million project will bring nearly 1,000 jobs to the area during construction, then employ approximately 75-100 people. These are just a few of the many exciting projects that were highlighted this past year. Many more are planned in the coming months. While industrial land is becoming more expensive and harder to find across the continued on page 6D
park located directly off of Interstate 81 in Schuylkill County, was recently pur- chased for $25.75 million by Panattoni Development Co., based in Irvine, California. The property totals 2.4 million s/f and will include two buildings of 1,346,755 and 1,040,540 s/f. Manufacturing with an International Focus! • Gl obal nutraceut i cal manufacturer, German-based Amapharm LLC, announced plans to locate its first Ameri - can facility in Luzerne County. The 43,500 s/f building is being constructed by CAN DO. Once fully operational, Amapharm
usiness is booming along the I81 Corri- dor in Northeastern
to see a rise in manufacturing, healthcare, and international prospects as well. Working closely with our partners at Pennsylvania’s Department of Community & Economic Development as well the state’s Office of Interna - tional Business Development, we have processed over a dozen leads resulting in site selec- tion visits across our 8-county region. Here is a brief overview of some recent deals in North- eastern PA. 2021 Projects in North- eastern PA: Ecommerce/Distribution
and Pharmaceutical! • Amazon plans to open a 1,027,660 s/f fulfillment cen - ter in Lackawanna County’s Valley View Business Park, creating more than 500 full- time and part-time jobs. • Pet e-commerce retailer Chewy, Inc., is expanding its operations in Pittston Town- ship by leasing 155,000 s/f of existing space to create a pet pharmacy that will provide fulfillment of pet prescriptions, medications, and special di- etary food, creating more than 550 jobs. • Rausch Creek Logistics Center, a planned industrial
PA. Penn ’ s N o r t h e a s t works direct- ly with site s e l e c t o r s , businesses, and brokers to facilitate l e a d s a n d d e a l s . We have never
John L. Augustine III
been busier than we have this past year. While e-commerce/ distribution is leading indus- trial projects across the nation, our region has been fortunate
E CONOM I C D E V E L O P M E N T / S I T E S E L E C T I ON / I N C E N T I V E F I N A N C I N G A S S I S TA N C E
NORTHEASTERN P E N N S Y L V A N I A
AT T R A C T I N G QU A L I T Y E M P L OY E R S TO NOR T H E A S T E R N P E NN S Y LVA N I A Attracting Quality Employers to Northeastern Pennsylvania
PENNSNORTHEAST.COM
PROPERTY FEATURE
STERLING BUSINESS & TECHNOLOGY PARK 20 EASTON TURNPIKE, LAKE ARIEL, WAYNE COUNTY, PA 18436
LOT 7 30.37 ACRES / 270,000 SF
Perfect Location for Assembly, Advanced Manufacturing, Distribution, Fulfillment, or Technology Based Businesses. Lots 5 & 6 may be combined with Lot 7 for additional space or parking.
KEYSTONE OPPORTUNITY & INNOVATION ZONE APPROVED!
LOCATED 15 MINUTES EAST OF THE CONFLUENCE OF I-84, I-81, AND I-380.
TRUCK LOADING COURT
270,000 SF 1000’ X 1350’
STERLING BUSINESS PARK FEATURES ONE OF THE LARGEST WATER REUSE SYSTEMS IN PA!
WAYNE COUNTY
SCRANTON ........... 20 MINUTES NEW YORK CITY ....110 MINUTES PHILADELPHIA.... 150 MINUTES
TROY BYSTROM 646.236.3400 TROY@STERLINGBUSINESSPARK.COM
WAYNE COUNTY ECONOMIC DEVELOPMENT CORP.
WAYNEECONOMIC.COM
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