Friday, June 25, 2010

Philadelphia Industrial Nets $5.9M

"Highland Development acquired 9400 Bluegrass Road in Philadelphia for $5.85 million, or about $75 per square foot, from B. Barks Refrigerated.

The 77,010-square-foot warehouse was built in 1970 in the Greater Northeast submarket. The buyers plan to demolish the existing building and build a new commercial property in the near future."

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