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Glory Capital Acquires Wilkes-Barre Based Property

Glory Capital acquired a 60,000s/f mixed-use development in Wilkes-Barre, Pennsylvania, with the right to develop an additional 100,000s/f. The property is in close proximity to Mohegan Sun at Pocono Downs Race Track, Pennsylvania’s only casino, and was purchased by Glory Capital below market as the area experiences tremendous growth as a result of the new gambling venue. The property features retail space currently occupied by a restaurant as well as office space which will be expanded and upgraded.

Published on Wednesday, June 27th, 2007.