Posts Tagged: Cardone Industries

Revamped NE Philly Complex Adds Second Tenant

Revamped NE Philly Complex Adds Second Tenant

Velocity Venture Partners is redeveloping the former Cardone Industries complex in Northeast Philadelphia, with leases already in place for 40% of the industrial space. The Bala Cynwyd-based firm purchased the 470,000-square-foot site at 5660 Rising Sun Ave. in 2022 for $22.3 million from a Cardone-affiliated entity. Cardone, a longtime major employer in the area, occupied… Read more »