Alliance HP sells 3-building industrial portfolio in Philadelphia
Alliance HP announced that it has sold the Philadelphia Airport infill industrial portfolio totaling 122,373 square feet in Philadelphia for $24.7 million. The transaction closed on Aug. 4.
JLL represented the seller, and Campbell Rocco Law represented Alliance on the transaction.
The Philadelphia infill industrial portfolio consists of three properties, located at 3250 78th St., 3201 South 76th St. and 3440 Bartram Ave., and are fully leased to three tenants. Key features across the portfolio include clear heights between 17 and 22 feet, 14 loading doors, five drive-in doors and 163 parking spaces. The assets are within a 2.5-mile radius of the Philadelphia International Airport and within a 15-minute drive from the PhilaPort.
The Philadelphia Interstate 95 Corridor stretches from Trenton, N.J. south toward New Castle County, Del., and is the mid-point between New York City and Washington D.C.