Monday, December 15, 2014

53,733 SF Boothwyn Office Property Sells

by Steve Lubetkin,

Neltson Edison LP has acquired 5 Chelsea Parkway, a 53,733 square foot property on 10.5 acres in Boothwyn, PA. The seller was PX Properties LC.

Neltson Edison purchased the building as an investment with long term leases in place.  Access Information Management occupies 47,233 square feet, and Priority Express Courier leases 6,500 square feet.

“There is a strong demand in the market for modern industrial buildings in the 25,000 to 60,000 square-foot size range. The 10.5 acre site also allows for future expansion of the building”.

The building has direct access to Route 322 and Chichester Avenue and is minutes from Route 452 and Interstate 95.

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