John & Christopher Bown Of Industrial Investments Inc Acquire Industrial Complex In Scranton

Industrial Investments Inc., based in Blue Bell, PA, has acquired the Stafford Avenue Business Park, a three-building industrial complex totaling 108,000 square feet, located in Scranton, PA, from CEP Family LLC for $6.5 million. The property was sold for a price of $60 per square foot, resulting in a total sale price of $6,500,000. The transaction took place on 02/15/2024 at the address 2200-2400 Stafford Avenue in Scranton, PA.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,500,000
• Acres: 11.75
• Buyer: John Bown III & Christopher Bown - Industrial Investments Inc
• Seller: CEP Family LLC
• Brokers: Adam Silverman, Joe Hill, Michael (Mike) Hines & Stephen "Steve" Marzullo - CBRE

The key individuals involved in this transaction include John Bown III and Christopher Bown, who represent Industrial Investments Inc as the buyers, along with the seller, CEP Family LLC. The deal was facilitated by brokers Adam Silverman, Joe Hill, Michael (Mike) Hines, and Stephen "Steve" Marzullo from CBRE.