Monday, July 24, 2017

Four Office Buildings in Delaware and Bucks County, PA for $6.8M

The sales of four office buildings in Delaware and Bucks County, Pennsylvania have traded. The four properties sold for a combined sale price of $6.875 million. The seller was Penguin Real Estate Investors. The properties are:
53 West Baltimore Pike, a three-story 35,902 square foot class A office building in Media, PA, acquired by 53 Baltimore Pike LLC;
430-450 Lincoln Highway (Route 1) in Fairless Hills, PA, acquired by Olymbec;
 2050 and 2080 Cabot Boulevard West in Langhorne, PA, also acquired by Olymbec. The three-property portfolio acquired by Olymbec marks the first time the Canadian-based firm has tapped into the Greater Philadelphia office market.

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