4C — March 13 - 26, 2020 — Pennsylvania — M id A tlantic Real Estate Journal
www.marej.com
P ennsylvania
International. The transaction was be- tween a group of private inves- 50,000 s/f, ten story office building slated for future multifamily redevelopment Algatt and Susanin of Colliers International facilitate sale of 15 S. Franklin St., Wilkes-Barre W ILKES-BARRE, PA — 15 South Franklin St., a state-
1065 Rte. 315 in Plains Twp. Future plans for the proper- ty include conversion to apart- ments or condos and possibly commercial and office space. Wilkes-Barre has been en- joying a residential resur- gence fueled by respectable downtown commerce and a marked increase in the num- ber of young college gradu- ates settling in Wilkes-Barre – a number that has doubled during the past five years. 15 South Franklin St. neighbors, the PNC and Citizens Bank Buildings, have both recently undergone a successful resi- dential conversions to “Riv- erview West” and “The Bank” respectively. 15 S Franklin St. is located in a qualified federal opportu- nity zone. In other Colliers news, Cap- tured LV Escape Room, a popular escape room of the Bethlehem area is preparing to open its newest location in Allentown this spring. Captured LV Escape Room puts you and your friends in a locked room with 60 minutes to find your way out. Teams work together to solve puzzles, crack codes and discover keys and secrets to escape in time. Captured LV Escape Room hosts events for corporate events, staff bonding, team building, parties, and date nights. Thrill seekers familiar with Captured LV Bethlehem’s four themed rooms “The Haunted Theatre,” The Alchemy Lab,” “Pirate’s Chamber” and “Ma- yan Temple” will soon find new challenges in store at the Tilghman Square Shopping Center, located at 4640 Broad- way Rd. in Allentown. Tilghman Square Shopping Center, notable for its excel- lent location, access and vis- ibility is situated in the rapidly growing affluent residential community of SouthWhitehall Township. Captured LV joins tenants Staples, New Vision Theaters, Harbor Freight, Duck Donuts, Jersey Mike’s and Jamba Juice. The space was formerly home to Massage Envy. Scott Horner and Derek Zerfass , of Colliers International Al- lentown office brokered the deal at the popular shopping center along with another recent transaction for Solano Consultants, an insurance agency with plans to open in March.
ly high rise seemingly at the center of eve ry th i ng “ W i l k e s - Barre” – the River Com- mo n , b o t h Kings Co l - l e g e a n d
tors based in Wi lkes - Ba r r e and F r a n k l i n Down t own LLC of Som- erset, NJ. The land- mark proper- ty was built
Wilkes University, and the central business district of Public Square - has just traded hands in an investment sale arranged by Jeff Algatt and John Susanin of Colliers Jeff Algatt
John Susanin
circa 1920 and continuously occupied as office space since. The 50,000 s/f, ten story office building features an adjoining off-street gated parking lot. Since 1954 the building has
15 S. Franklin St.
served as the headquarters to law firm Rosenn, Jenkins &
Greenwald who will be relocat- ing to Cross Creek Pointe at
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