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Newmark Knight Frank arranged the financing for the redeveloped property that was provided by Apollo Global Management and RCG Longview, a CenterSquare Co.
Chewy will be located in a facility in the Valley View Business Park, a mixed-use business park, part of a 1,300-acre development project, developed by The Greater Scranton Chamber of Commerce.
The Mid-Atlantic arm of Boston-based Novaya Real Estate Ventures, reports the 122,000-square-foot Class A industrial project is now available for lease.
The annual 9% federal Low-Income Housing Tax Credits are expected to generate $214.7 million in private investment to create 17 projects totaling nearly $325 million in total development investment.