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Sundance moving to a new home

November 18 , 2007

Business Weekly

Dave Falchek

Wilkes-Barre-based Sundance Vacations will move its headquarters and about 200 employees to Highland Park Boulevard in January.


The founder and president of the vacation dealer, John Dowd, purchased the former state Department of Labor & Industry building from the Girard Estate for $3.25 million and plans $1 million in renovations to the 47,000-square-foot building. Sundance will move from its current home on Kidder Street and occupy about one-third of the renovated building, which it will use as corporate headquarters and a local marketing and sales office. The rest of the building, to be dubbed the Arena Commons, will be leased.

Despite the building’s desirable location at one of the busiest crossroads in Wilkes-Barre Township, it was on the market for about 18 months. Listing agent Mike Detter, of Hinerfeld Commercial Real Estate, said the seller was holding out for a buyer who saw value in the building. Land in the area has been selling for between $400,000 and $500,000 per acre, and the building lot was just over four acres.

“Developers would have liked to buy it for $2 million and tear down the building, but we wanted to wait for someone who both liked the location and saw value in the building,” Mr. Detter said.

While the Internet has nearly eliminated walk-in travel agencies, Sundance has been able to survive because of its unique approach. Its customers buy several weeks of vacations in advance, and then select their destinations from Sundance’s inventory of condominiums in vacation destinations.

“We are in a different niche, and we are growing,” said Kathy O’Mara, communication director for Sundance.

The building has more than 200 parking spaces and is off Interstate 81, across the street from the Wachovia Arena.

Contact the writer: dfalchek@timesshamrock.com
Property facts

Location: 264 Highland Park Blvd., Wilkes-Barre Township

Sale price: $3.25 million

Land: 4 acres

Building: 47,000 square feet

Old use: Former state Department of Labor and Industry building.

New use: Headquarters of Sundance Vacations and leased office space.

Headlines
Past Headlines
  11/25/07 - Scranton Engraving faces murky future
  11/21/07 - Recent Sale
  11/18/07 - Sundance moving to a new home
  11/14/07 - Short journey for vacations
  11/07/07 - It's whats in the inside
  11/04/07 - Dental office finds room to grow
  10/28/07 - Mike Detter attends Power! event
  09/14/07 - Cognetti Fulfills
  08/28/07 - New tenant at CenterPoint
  08/22/07 - PLCM Annual Convention held in Scranton
  08/07 - Northeast Pennsylvania Market Highlight
  8/03/07 - HCRE Sell Scranton Landmark
  8/03/07 - Leading realtor advocates socioeconomic integration
  8/03/07 - Locals priced out of own neighborhoods
  8/03/07 - Helping Hands
  7/17/07 - Hinerfeld  Negotiates $2.4 Mill Manufacturing Transaction
  07/07 - Hinerfeld Sells
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