The former Sunshine Market property on Route 315 in Plains Township has been sold for $4.875 million to a company run by several members of the Medico family, Luzerne County real estate records show.
Memco Realty Co. purchased the property from Betone Realty Co. Inc. and Sunshine Market Inc. last week.
Thomas A. Medico, Lawrence P. Medico and Cataldo A. Medico are listed as managing partners of Memco in mortgage documents for the property filed with the county.
The Medicos could not be reached for comment Tuesday on their plans for the 39.6-acre Sunshine Market property.
The grocery store closed in 2009, with the owners blaming increasing competition in the area.
The parking lot of the former grocery store was used a staging area for dozens of government-funded mobile homes after the record Susquehanna River flood in September 2011.
Memco already owns an adjacent 39-acre property on Route 315 that houses Medico Industries — a manufacturer, seller and maintenance provider of heavy construction equipment.
The company also purchased a residential structure on Route 315 on the other side of Medico Industries in July, records show. Memco paid Marsha and Ray Strohl $130,000 for the house on nearly 1 acre.
The possibility of future expansion of the Medico Industries building was mentioned during an August 2012 township commissioner meeting.
Memco representatives sought zoning changes for a portion of the Medico Industries property at that time, and residents expressed concerns expansion would come too close to their homes.
Memco employees said there were no immediate plans for expansion but stressed the building is designed to be expanded in a direction that would not approach homes along Ridgewood Road.
Thomas Medico, president of the family-owned Medico Industries, also noted his company ran out of space in its Route 315 building during a July 2010 interview.
Medico made the comment when Memco purchased a warehouse in the Hanover Industrial Estates so Medico Industries could manufacture valves used in oil and gas production as part of a joint venture with a South American company.
Medico Industries’ metal parts manufacturing business also was to occupy the rest of the Hanover Township property, Medico said in 2010.