The Chamber Announces Land Sale by SLIBCO to PNK Group

The Greater Scranton Chamber of Commerce, through its business development affiliate, Scranton Lackawanna Industrial Business Company (SLIBCO), is pleased to announce the sale of 88.73 acres of prime industrial land in Jessup and Archbald, to PNK Group, with the intent to develop industrial facilities totaling 765,000 square feet.

PNK Group, an investor with expertise in financing, development, engineering, and construction, has identified northeastern Pennsylvania as a strategic location for its latest investment. Recognizing the region’s proximity to major markets and its exceptional labor force, PNK Group seized the opportunity to acquire these parcels of land to implement its industrial development projects.

This transaction highlights the region’s appeal to prominent investors seeking to capitalize on its economic and workforce potential and The Chamber’s commitment to fostering economic growth and attracting investment to the area.

“The acquisition of prime industrial land in Jessup and Archbald marks a significant step forward for our expansion efforts in northeastern Pennsylvania. We are excited to bring our expertise in financing, development, engineering, and construction to this strategic location. This investment underscores our confidence in the region’s economic prospects and our commitment to driving growth and innovation. We look forward to bringing our industrial development projects to fruition and contribute to the continued success of the local economy” shared Mark Stiles from PNK Group.

PNK Group specializes in constructing multipurpose industrial buildings for large-unit blocks, leveraging their expertise to create state-of-the-art facilities that meet the needs of modern industries. With this acquisition, PNK Group aims to enhance the region’s industrial infrastructure while creating opportunities for job growth and economic advancement.

Bob Durkin, president of The Chamber shares, “The PNK Group has a reputation for high quality developments that attract a balance of industry types to their facilities. This perspective fits well into the commitment of the Chamber and SLIBCO to diversify our economy in Lackawanna County and our region.”

The Greater Scranton Chamber of Commerce is committed to facilitating further business development initiatives and fostering partnerships that drive prosperity and innovation in Lackawanna County and Northeastern Pennsylvania.

For more information regarding the sale to PNK Group or on The Chamber’s business development affiliate, SLIBCO, please contact Bruce Reddock, director of business development, at breddock@scrantonchamber.com or (570) 342–7711 ext. 136.

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 offering programs and services which stimulate economic growth, promote business prosperity and nurture educational opportunities. For more information about the Chamber, visit www.scrantonchamber.com.

Scranton Lackawanna Industrial Business Company (SLIBCO)

Scranton-Lackawanna Industrial Business Company (SLIBCO), an affiliate of The Greater Scranton Chamber of Commerce, develops multi-tenant buildings and industrial and office parks in northeastern Pennsylvania. SLIBCO also owns and manages two technology incubator facilities to start-up and expand small businesses. For more information, visit www.SLIBCO.com.