The Oldies.com building, a highly visible property from the Blue Route when headed south and known for its moniker emblazoned across the structure, has been put up for sale.
The owner of the 52,000-square-foot building at 60 Portland Road in West Conshohocken has decided the company no longer needs as much space to distribute the vinyl records, compact discs, DVDs and other collectables. Oldies.com needs about 5,000 to 10,000 square feet and has decided to put the property on the market.
The industrial market, which consists of large and small warehouses and distribution centers, has never been hotter across the region. The overall vacancy rates stands at 3.7% and average asking rents are $8.86 a square foot, which is up 4% quarter over quarter.
*Article courtesy of Philadelphia Business Journal
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