Velocity Venture Partners has sold a 468,000-square-foot industrial building in Yeadon, Delaware County, for $59 million, marking a 41% increase from its purchase price two years ago. New York-based Lightstone Group, making its first acquisition in the Philadelphia area, bought the warehouse at 6250 Baltimore Ave., according to Newmark’s Ryan Guittare, the listing agent. The… Read more »
Posts Tagged: Delco
Delaware County Industrial Park Sells for $239 Million
Two newly constructed industrial buildings in Eddystone have been purchased for $239.4 million, highlighting the continued demand among investors for local warehouses. The sale comes as both buildings — totaling 770,000 square feet — sit vacant as their new owner searches for potential tenants. The 64-acre site, known as Delco Logistics Center, was developed and… Read more »