The Lower Burrell horror, the former JCPenney building in the Burrell Plaza along Leechburg Road, finally has a new owner after being vacant for over 17 years.
Schaedler Yesco, an electrical distribution and supply company in RIDC O’Hara Park, plans to renovate the nearly 185,000 square foot building and open in the summer of 2023, officials said. the company.
Councilman Chris Fabry announced the sale at council meeting Monday evening. He and Councilor David Stoltz worked together to attract more business to the city.
“We are incredibly confident that this is the first of many great wins for the Town of Lower Burrell and our residents and we will continue to update you as things progress,” Fabry said.
Ryan Jones, executive vice president of the family business, could not yet disclose the final sale price, as the real estate transaction will close in June. The owner of the place, Widewaters of Syracuse, NY, and Newmark Real Estate had the site listed for $2.4 million.
“There will be a design and renovation phase,” Jones said. “We’re going to make it a great place.”
The company will serve contractors and others in the electrical industry.
“Apart from filling a long empty space,” Stoltz said, “another good part of the deal is that Schaedler Yesco will bring a lot of people to the city who otherwise would have no reason to come here, including employees and contractors.”