By Paul Schwedelson – Reporter, Philadelphia Business Journal
PECO has purchased a 70,000-square-foot office and warehouse in Plymouth Meeting to support its operations and future growth.
The energy company paid $10.6 million for the property at 500 S. Gravers Road, according to Montgomery County property records. The building was previously owned by North Jersey-based MSM Equities.
In a statement, PECO COO Nicole LeVine said the real estate acquisition is “part of a comprehensive, multi-year strategy to support the recent expansion and future growth of our operations teams.”
The 500 S. Gravers Road site is adjacent to the 480 S. Gravers Road property that PECO bought for $7.7 million in January 2024. It is located just south of I-276 and just west of the intersection of I-276 and I-476.
“Guided by input from our employees, this acquisition enables PECO to better connect teams and transition many of our employees out of temporary facilities and into permanent building space that better supports their work and well-being,” LeVine said.
Full story: https://shorturl.at/b9SMq
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