There is a new jewel in the Pencor crown.

Company officials Friday confirmed the purchase of a three-story building at the corner of Third Street and Franklin Avenue, Palmerton, from Horsehead Resource Development.

The structure had served as an office building for HRD until being vacated last fall.

The building was constructed circa 1905 and was originally a grocery store established by the company with a cigar factory on its second floor where many women from town were employed. In 2016, the Palmerton Press moved its offices into the building.