Northeast Keystone Properties (NEKP) purchased the Wellsboro Plaza in December 2007. The property consisted of 9.75 acres and a 40-year-old 96,400 sq. ft.  shopping center. At the time of purchase, the Plaza had a wide mix of tenants, ranging from small businesses to take-out restaurants.

NEKP recognized a need in the market and set its goal to transform the existing retail based plaza into a rejuvenated medical and professional arts multi-tenant facility. 

Focusing on this goal in the midst of a national economic downturn, NEKP realized the Plaza required a major makeover to attract the type of tenants needed to make the transition.  In February 2008, renovations began with an entirely new pedestrian canopy facade upgrade, and a 5,600 sq. ft. addition to create space for two new tenants:  One Main Financial and Concern Professional Services.  This $1.0 million multi-project investment increased the Plaza to more than 102,000 gross square feet.

The next transitional opportunity came in 2010 when Guthrie Healthcare Systems purchased 34,000 sq. ft. of under utilized and vacant retail space in the Plaza's south building and developed a state-of-the-art, full service medical clinic - investing more than $4.7 million in the property.

With Guthrie's commitment to the Plaza, NEKP invested more than $650,000, sub-dividing the remaining portion of the south building including new utility systems, renovating the public entry, hallway and lavatories, and adding 100 new parking stalls and other site-wide amenities.

With these improvements, the Plaza acquired two new medical related tenants in 2013: 

• US Renal Care, a national dialysis treatment provider, secured a long-term triple-net lease for 7,000 sq. ft. and invested more than $1 million to create a regional state-of-the-art 12-station dialysis center.
• Miracle Ear, a national auditory testing and retail center, also signed a long term triple-net lease, moved from downtown Wellsboro and invested more than $100,000 in the space to better serve its growing north central PA customer base.

In 2014 NEKP invested more than $200,000 in reconfiguring and upgrading interior space, finishes and utilities in the Plaza's west building to meet the changing needs of current tenants: 

• USDA
• Tioga County Conservation District Office
• Experience Works
• CareerLink Employment Center
•  Long Engineering

Along with adding new tenants and helping grow existing ones, NEKP continues to update and renew long-term triple-net and gross leases with other existing tenants:

• One Main Financial
• Concern
• PennDOT Photo ID Center
• PA Dept of Health
• Area Agency on Aging
• CRI
• Rotech/CPO2 Medical Supplies
• Smokin Joe's, Tobacco Emporium
• Guthrie Medical Depot

NEKP employs a full time property manager and maintenance supervisor to maintain a first class property for all 23 current and future tenants.

NEKP continues to invest and upgrade the Plaza completing recent projects such as:

• Parking lot improvements including reconfigured and expanded parking, lighting and pedestrian amenities.
• Upgrading the existing entry pylon sign with new individual tenant signage, lighting and painting
• Continued upgrading of interior and exterior lighting throughout plaza to energy efficient LED fixtures

Future projects:

• Replacing more than 28,200 sf of thermoplastic vinyl membrane roof systems
• Upgrading storm water systems
• Repairing and maintaining the asphalt parking and cart way surfaces
• Renovating common area hallways with new finishes, signage and lighting

Member of the Wellsboro Chamber of Commerce