Serine
A Missouri-based real estate company, Sansone Group, has made a significant move into the Northeast Pennsylvania market by purchasing a large parcel of land for $17.5 million in the Triboro Industrial Park located in Olyphant.
Operating under the name Ercor Triboro LLC, Sansone acquired 143.24 acres out of the 562-acre park for the construction of a nearly 1.2-million-square-foot warehouse.
Project Details and Background
This acquisition marks the first major investment in the industrial park, which is strategically situated between Route 247, Casey Highway, and Marshwood Road. The site purchased, known as Lot 2, is planned to house a 1,184,000-square-foot facility, positioning the area as a hub for logistics and warehousing operations.
The land was sold by Triboro Industrial Park LLC, managed by Charles DeNaples, son of Dominick DeNaples, a co-owner of Keystone Sanitary Landfill. According to marketing materials from Cushman & Wakefield, the full development envisions 4.5 million square feet across four buildings.
Strategic Location and Economic Incentives
The chosen site lies south of the former Hannah Bell Slope Mine, which was recently remediated following a longstanding underground fire. The Triboro Industrial Park benefits from a 10-year Local Economic Revitalization Tax Assistance (LERTA) program, offering gradual property tax increases on improvements, designed to attract business to the formerly underdeveloped land.
Long-Term Impact and Local Support
Local leaders, including Olyphant Council President Jimmy Baldan, praised the development for its potential to create jobs, boost local investment, and bring in valuable tax revenue for the borough, Mid Valley School District, and Lackawanna County.
“This project is a win for the community,” said Baldan. “Its location keeps it away from residential areas while offering high-impact economic benefits.”
State Support and Future Phases
Thanks to advocacy from State Sen. Marty Flynn, the borough received $3 million in state RACP funding to support early phases of development, including mine mitigation, utility relocation, and site preparation.
Warehouse Employment Potential
According to John Augustine, CEO of Penn’s Northeast, a typical 1-million-square-foot warehouse could employ around 250 people. He noted that average starting wages in the warehouse distribution sector have increased to $19.75/hour, reflecting competitive demand in the region.
“This investment by a new player like Sansone is a strong indicator of confidence in the region’s growth potential,” Augustine said.
The Sansone Group’s $17.5 million investment in Olyphant’s Triboro Industrial Park sets the stage for economic revitalization, job creation, and a stronger local tax base.
With strategic location advantages, tax incentives, and infrastructure support, this project is expected to attract further development and position Olyphant as a rising industrial hub in Northeast Pennsylvania.