670 S River St
Wilkes Barre, PA 18705 Outer Wilkes-Barre

Rate Upon Request

Unknown For Lease • 1,500+ SF

Property Details

Property Type Unknown
Year Built 2002

0 Transit Score

26 Walk Score

9 Spaces Available

Name	Space Use	Size	Rent
Ll Floor Ste LL	Office	14,446 SF	Rate Upon Request
Large, Open Lower Level Space. Large Window Façade facing river with private patio. Demisable and configurable to tenant needs. 24 Hour Access. Date available: 60 Days Lease term: Negotiable Service type: Modified Gross Built out as: Call Center Space Type: Relet
1st Floor Ste 101	Medical	3,619 SF	Rate Upon Request
Former CHS Endocrinology. Available January 1st, 2025. Can negotiate earlier occupancy. 11 Exam Rooms. Reception + Waiting Room. Break Room. Date available: Jan 2025 Lease term: Negotiable Service type: Modified Gross Built out as: Standard Medical Space Type: Relet
1st Floor Ste 109	Medical Office	1,961 SF	Rate Upon Request
Former CHS Lab. Contiguous with Urology Suite 111. Can be combined or leased separately. 7 Exam Rooms. Renovated 2023. Date available: Now Lease term: Negotiable Service type: Modified Gross Built out as: Standard Medical Space Type: Relet
1st Floor Ste 111	Office	5,008 SF	Rate Upon Request
Former CHS Urology Suite. Built out as Medical Office. Waiting Area + Reception. 2-3 Admin Offices. 12+ Exam Rooms. Renovated 2023. Date available: Now Lease term: Negotiable Service type: Modified Gross Built out as: Standard Office Space Type: Relet
2nd Floor Ste 205	Office	2,478 SF	Rate Upon Request
Former CHS Marketing Suite. Large Open Offices/ Conference Rooms. Professional Office with Views of River. Available January 1st, 2025. Date available: Jan 2025 Lease term: Negotiable Service type: Modified Gross Built out as: Standard Office Space Type: Relet
2nd Floor Ste 210	Office	1,590 SF	Rate Upon Request
Former CHS Sleep Center Space. Corner Offices. Needs Renovation. 4 Offices. 2 Bathrooms. Overlooking River. Date available: Now Lease term: Negotiable Service type: Modified Gross Built out as: Standard Office Space Type: Relet
2nd Floor Ste 215	Medical Office	5,029 SF	Rate Upon Request
5,029 SF Modern Office Space for Lease. Excellent Condition. Newly Renovated. 10+ Individual offices/exam rooms with plumbing. Open floor area for cubicles or workstations. Interior restrooms in addition to common area restrooms. Corner Space with excellent natural light. Date available: Now Lease term: Negotiable Service type: Negotiable Built out as: Healthcare Space Type: Relet
2nd Floor Ste 217	Medical Office	1,620 SF	Rate Upon Request
Former CHS Admin Suite. 4 Offices Plus Cubicle Area. Available January 1st 2025. Date available: Now Lease term: Negotiable Service type: Modified Gross Built out as: Standard Office Space Type: Relet
4th Floor Ste 404	Office	1,500 SF	Rate Upon Request
Open Shell Space or 4th Floor. Great Visibility. Space will be customized to Tenant's needs. Date available: Now Lease term: Negotiable Service type: Modified Gross Space Type: Relet

Description

Waterfront Professional Park is an approximate 10+ acre parcel in Plains, PA that is the home of both 670 South River Street, 672 South River Street, and a McDonald's. It is also the site of a 3.7 acre vacant, shovel ready development site on the north end of the complex. The site is available for sale, as a joint venture partnership, or land lease.

Waterfront Professional Park (WPP), formerly the Flynn Oil Company, was purchased by Mr. Spengler for development in 1998. Out of the initial 8.5 acres, Spengler created a 5-lot subdivision and land development plan to include two ~60,000 square foot office buildings, a McDonald’s, and land for further development.

The existing McDonald’s was completed in 2001 and was immediately followed by 670 South River Street—a 63,000 square foot office building. In 2005, 672 South River Street was completed, and tenants began occupying the 59,000 square feet in 2006. Today, both buildings are 95% leased with a healthy mix of fortune 500 companies and medical tenants.

In the process of putting all the infrastructure in place at WPP, Spengler installed a traffic light, built the sewer system, and put in place all the underground water run-off systems. He also installed a traffic signal and expanded the road system on River Street (~25,000 cars per day) to include turning lanes.

At the height of the great recession years, it was a mixed bag at WPP. One bank became insolvent and sold the 672 South River Street mortgage to PNC Bank, while another bank faced liquidity issues and sold the note on 670 South River Street to C&I Solutions. At this same time, both 670 and 672 South River Street became the new home for Community Health Systems after their acquisition of the Wyoming Valley Healthcare system. This brought the total occupied space in both buildings to nearly 100% leased through 2024, while also requiring nearly $3mm in tenant improvements.

As the financial markets recovered across the country, both mortgages were refinanced in 2013 with M&T Bank. In 2016, the complex was expanded to over 10+ acres with the purchase of another 2+ acres from the Luzerne County Redevelopment Authority. With the additional acreage, the total available land for the newest project (600 Waterfront) stands at 3.67 acres. The last key transaction to bringing the 600 Waterfront project to its current status was in November of 2017. At the end of November 2017, the entire WPP was refinanced again by M&T Bank providing Spengler the opportunity to buy-out his previous partners, which further allowed him to become the sole owner of the site for the first time in its 20 year history.

                
                    Highlights
                
                                Prime Location within 1 mile of downtown Wilkes Barre PA
                            
                                Class A Office campus
                            
                                Ample Parking
                            
                                Professional property management on site
                            
                                Excellent Highway Access , Exit 2 River Street on PA Rte 309
                            
                                High visibility with signage available

Amenities

Restaurant

Public Transportation

Airport	Drive	Walk	Distance
Wilkes-Barre/Scranton International	15 min	-	11.4 mi

Colin Keefer 570-207-4100 Hinerfeld Commercial Real Estate

670 S River St Wilkes Barre, PA 18705 Outer Wilkes-Barre