Thursday, October 7, 2010

Manufacturing Company Moves Into Hanover Industrial Estate

"Mericle Commercial Real Estate Services sold 1058 Hanover St. in Wilkes Barre, PA, to Memco Realty Co LTD for $5.45 million, or just over $45 per square foot.

The 120,000-square-foot industrial building with quick access to I-81 and State Route 29 was constructed in 2003. The property on 9.6 acres has heavy power, 32-foot ceilings, 50 parking spaces. The building was 50% vacant at the time of sale but is now fully occupied by the buyer's manufacturing business."

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