By Steve Svetovich
Dunmore’s Jerry Ferrario is a local real estate developer who uses his skills to better the community.
Ferrario, 57, a Dunmore High School and Villanova University graduate with a bachelor of science degree. in finance, has been a real estate developer for the past three decades.
Married to his grade school friend and high school sweetheart, the former Nadine Lucas, the couple has three children: Jerry, 22, a graduate in economics from the University of Pennsylvania Wharton School; Thomas, 21, a senior business major at the University of Miami; and William, a computer science major at Saint Joseph’s University in Philadelphia. All are Scranton Prep graduates.
Ferrario and his brother Joe, 56, also a Dunmore graduate, rented the space and are the real estate developers of Monroe Plaza, the site of the old Price Chopper in Dunmore. His brother graduated from the University of Scranton with a bachelor of science. in business management.
The Ferrario brothers are equal business partners. Michael Marion, Scranton, is a minority partner in the Monroe Plaza development.
Jerry’s focus for the past 30 years has been on commercial development in Dunmore. The lifelong Dunmore resident takes great pride in the this community. He regularly focuses on projects for the betterment of the borough.
Michele Neary, vice president of marketing for United Gilsonite Laboratories, works close to the Monroe Plaza. “Jerry has his focus on the betterment of the community,” she said.
“A true testament to that are the beautiful townhouses on Sherwood Avenue which was previously an abandoned building. Jerry is the developer there.
“We are blessed to have residents who want to bring lucrative businesses to Dunmore and beautify the community.
“As a member of the local business community, it is refreshing to have a business leader like Jerry who gives back double what he receives.”
After graduating from Villanova, Ferrario came back home and joined Ferrario Insurance and Real Estate which his late grandfather, Angelo, started and ran until his dad took over. He and his brother Joe operated the business after his late dad Jerry, Sr.
But real estate development and improving the Dunmore community was in his veins.
He developed 10 townhouses on Sherwood Avenue in 2008-2009. Currently nine are occupied and one is available. There is approval to build another six, he said.
The Monroe Plaza is 44,000 square feet, of which 32,000 square feet are occupied, he said.
“There is 12,000 square feet vacant, but we have some interested tenants,” Ferrario said.
The current tenants of Monroe Plaza include Traditional Home Health Care, Great Wall Chinese Restaurant, Saint Joseph’s Day Care Center, Podiatrist Elmo Baldassari, Brian Clark Architecture, a mortgage company and the Haggerty, Hinton and Cosgrove Law Firm.
“My goal is always to help make Dunmore a better community,” Ferrario said.
“I take a lot of pride in living in this community. We have really good people here. My brother is an equal partner. And Michael Marion is a big help as a minority partner. We are always looking to improve the Dunmore community.”