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ALLENTOWN, Pa. — PPL Corp. has announced a plan to move its corporate headquarters from the iconic landmark skyscraper that defines the Allentown skyline at Ninth and Hamilton streets.
The company plans to sell the 24-story complex, which is the Lehigh Valley's tallest building, according to a written statement Thursday.
- PPL announces relocation of its corporate headquarters to Two City Center in downtown Allentown
- It plans to sell its iconic 24-story building
- PPL plans to occupy approximately 107,000 square feet of space in the new location and bring over 400 headquarters employees back to the office
PPL plans to move a couple of blocks to Two City Center at 645 Hamilton St. this fall and will occupy 107,000 square feet in the new location — at the same time it plans to bring back more than 400 headquarters employees to the office environment.
The decision to move is driven by the company's efforts to "right-size its real estate space" and reduce overall costs for its customers, PPL President Vincent Sorgi said in a news release.
“We have been proud to call Allentown home for a century and, with the signing of a 20-year lease, plan to remain part of the city’s growth story for years to come,” Sorgi said.
He emphasized that PPL remains dedicated to downtown Allentown, with a commitment to support local businesses and contribute to the community's development.
“We look forward to remaining a steady presence in the city, to engaging as we have for years to build a stronger community, and to keeping our corporate headquarters here as we create the utilities of the future in Pennsylvania, Kentucky, Virginia and Rhode Island,” he said.
Allentown Mayor Matt Tuerk also posted on Facebook Thursday evening about the sale of the building, predicting a "second act that will knock your socks off."
