by Steve Lubetkin, Globest.com
201-11 E. Allen Street sells for $2.25 million. It is a 17,352-square-foot development site in the highly desired, rapidly developing residential area of Northern Liberties. It is just steps from the Delaware River waterfront, public transit, and I-95 access. The site consists of a 15,300 square-foot industrial property and 17,350 square feet of land. It was sold to a private investment group that plans to redevelop it into residential units. The seller was Exceptional Foods which is relocating to a large, modern industrial facility in Pennsauken NJ to accommodate its expansion and enable it to better serve customers.
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