AP NEWS

Missouri Developer Paid Almost $6 Million For Archbald Land

April 25, 2019 GMT

ARCHBALDDeveloper pays $5.95M for land A Missouri-based developer paid $5.95 million for 70.22 acres in the Valley View Business Park. NorthPoint Development bought the land from the SLIBCo, the Greater Scranton Chamber of Commerce’s development arm, where it plans a 1-million-square-foot industrial distribution center. The company is on a construction crusade in Lackawanna, Luzerne and Schuylkill counties leading some of the largest distribution center building projects including at the site of the former Schuylkill mall and major distribution centers in Hanover Twp. In Lackawanna County, the company bought two buildings in Jessup Small Business Center, near Valley View Business Park, for $19.4 million in 2017. — JON O’CONNELL