Scranton, PA -
The Scranton Lackawanna Industrial Building Company (SLIBCO), the industrial development affiliate of The Greater Scranton Chamber of Commerce, announced the sale of a 14.57 acre lot in the Valley View Business Park to Mericle Commercial Real Estate Services. Mericle plans to construct a flex building between 120,000 - 160,000 square feet on the property.
The new flex building marks the third constructed by Mericle at a site developed by SLIBCO in Jessup, Pennsylvania (with a building in both the Valley View Business Park and the Jessup Small Business Center). This project will also be the 10th building the company has built in Lackawanna County.
“Because of its flexible design, the building will easily accommodate office, manufacturing, distribution, and medical companies and can be subdivided in increments of approximately 6,400 square feet,” said Mericle Vice President of Marketing Jim Cummings. “With each new tenant, the parks are gaining momentum. We hope to work with SLIBCO to construct a variety of additional flex and industrial buildings in the Valley View Business Park.”
SLIBCO and Mericle have partnered on successful projects in the past including the development of two flex buildings in the Keystone Industrial Park and a 62,000 square foot office building in the Glenmaura Corporate Center.
“This involves more than a simple land sale - rather, it is an example of private sector confidence in our local economy. The Scranton Chamber is pleased to announce this important investment by Mericle, which along with the continued support of Jessup Borough, Valley View School District and Lackawanna County, is adding another resource in our collective efforts to create good jobs for the people of our region,” said Robert F. Durkin, president of The Greater Scranton Chamber of Commerce and executive vice president of SLIBCO.
About Mericle Commercial Real Estate Services
Since 1985, Mericle has developed approximately 16.5 million square feet of industrial, office, flex, and medical space in Northeastern Pennsylvania. More than 12,000 people work in the local buildings developed by Mericle. Through its Ready to Go Program, Mericle is preparing more than 90 sites and constructing industrial, office, and flex buildings in 11 area business parks. For more information about Mericle, visit www.mericle.com.
About SLIBCO
SLIBCO is the not-for-profit industrial development affiliate of the Greater Scranton Chamber of Commerce. SLIBCO has completed 362 development projects for a total of 20 million square feet. These projects represent more than $715 million in new real estate investment within Lackawanna County. For more information about SLIBCO, visit www.scrantonchamber.com.
About The Greater Scranton Chamber of Commerce
The Greater Scranton Chamber of Commerce is a not-for-profit organization that works to improve the area's economic environment and quality of life by providing programs and services which stimulate economic growth, promote business prosperity and nurture educational opportunities. For more information about the Chamber, visit www.scrantonchamber.com.
