Velocity Venture Partners has acquired the Oldies.com building for $7.85 million with plans to market it to tenants seeking high-visibility industrial space.
The 56,000-square-foot West Conshohocken landmark at 60 Portland Road is located on 3 acres directly west of I-476. More than 115,000 vehicles pass by daily on that section of the Blue Route, making it one of the most visible buildings in the Philadelphia area.
Oldies.com put the property on the market almost a year ago after deciding it only needed about 5,000 to 10,000 square feet for its inventory of vinyl records, CDs, DVDs and other collectibles.
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