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Bethlehem Landmark Undergoes $1-M Renovation

BETHLEHEM, PA-The vintage 1960s, 104,000-sf Sovereign Bank office building, initially constructed as a medical facility, is getting vital

By Marita Thomas | Updated on April 11, 2003

BETHLEHEM, PA-Lakewood, NJ-based Diversified Capital is investing between$700,000 and $1 million to modernize the 104,000-sf Sovereign Bank buildingat 65 East Elizabeth Avenue. Diversified acquired the facility in June2002.

The building was originally constructed as a medical facility and completedin the 1960s. Later it was converted into an office building and additionalfloors were added to accommodate Bethlehem Steel.

Diversified has completed redecoration of the main lobby and made someadditional cosmetic improvements. Now the company is replacing outdated HVACsystems, repairing elevators, installing a sprinkler system and modernizinginteriors.

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