Thursday, August 6, 2015

Gramercy Property Trust Acquires Penn Jersey Paper Building for $26 Million

Dermody Properties sold the Penn Jersey Paper building at 9355 Blue Grass Road in Philadelphia for $26.1 million, or $102.22 per square foot.

The 255,336-square-foot Class B industrial building was built in 2011. At the time of sale, the property was fully leased to its long term tenant Penn Jersey Paper.

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