NorthBridge Partners has spent nearly $44 million to add two more industrial properties to its growing footprint in the Philadelphia area. Entities affiliated with the Boston real estate company paid $22 million for 2828 Charter Road, a 248,000-square-foot building on 19 acres in Northeast Philadelphia, and $21.8 million for 1050 Wheeler Way, a 110,000-square-foot building… Read more »
A newly renovated industrial building in North Philadelphia leased by Amazon.com Inc. has been acquired for nearly $28 million, more than three times the amount it sold for in 2020. Irvine, California-based LBA Realty purchased 700 Ramona Ave. from SBG Real Estate LLC. The 17.5-acre property is fully leased by Amazon (NASDAQ: AMZN) and includes… Read more »
A 454,456-square-foot industrial building in Northeast Philadelphia has sold for $33.54 million after attracting a dozen offers. A joint venture between two New York firms, Ajax Advisors and Brickman Associates. The building at 11200 Roosevelt Blvd. sits on 25 acres and was fully occupied at the time of the sale to such tenants as Philadelphia… Read more »
