PPL Corporation announced March 1, that its subsidiary PPL Electric Utilities has reached a tentative $9 million agreement to sell its 2 N. Ninth St. Tower Building and office complex to Pennsylvania-based developer D&D Realty Group. The developer’s proposed plans for the properties, covering about 450,000 square feet in downtown Allentown, include new mixed-use commercial spaces, apartments and other amenities.
PPL announced last June plans to relocate its corporate headquarters to Two City Center, located at 645 Hamilton St. in downtown Allentown, as the company looked to right-size its real estate space. The company worked with Colliers, a professional services and investment management company that specializes in commercial real estate, and received a wide range of interest in the building complex. The tentative agreement with D&D Realty Group is contingent upon approval from the Pennsylvania Public Utility Commission.
PPL serves portions of Upper Bucks County that include: the boroughs of Richlandtown, Sellersville, Silverdale, Telford, and Turmbauersville; and the townships of East Rockhill, Haycock, Hilltown, Milford, Richland, Springfield, and West Rockhill.
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