SCRANTON, LACKAWANNA CO. (WOLF) — Realterm, a global investment firm specializing in transportation-related real estate, has expanded its Northeast Pennsylvania footprint with the purchase of two industrial properties in Scranton’s Stauffer Industrial Park. The combined 102,000-plus square feet of space is currently leased to ID Logistics.
The larger of the two sites, 26 Stauffer Industrial Park, covers nearly 24 acres and includes a 61,922-square-foot terminal warehouse, more than 4,000 square feet of office space, 84 dock doors, and dual access points. Roughly a mile away, 3 Stauffer Industrial Park sits on more than 19 acres and houses a maintenance building of about 20,500 square feet, along with an additional 15,000 square feet of office space.
Realterm officials described the purchase as a strategic move in a market with limited availability of major truck-terminal facilities.
“This is a significant chance to acquire a large, high-quality terminal in an area where such properties are scarce,” said Arnie Capute, the company’s vice president of investments for the East Region. He noted that features such as the 84-door terminal and on-site maintenance building make the complex especially attractive to transportation and logistics operators.
Located minutes from Interstate 81 and with quick access to I-80 and the Pennsylvania Turnpike, the Scranton properties serve as a link between major East Coast metropolitan regions including New York, Philadelphia, Baltimore, Washington, D.C., and Boston. Realterm estimates that more than 95 million people live within a day’s drive of the distribution hub.
Realterm Managing Director Stephen Panos said the acquisition aligns with national trends, as demand for industrial outdoor storage and freight-related facilities continues to climb. He added that stable leases, proximity to the I-81 corridor and long-term logistics growth position the properties for sustained value.