Alliance HP has sold a newly redeveloped 149,180-square-foot last-mile distribution warehouse fully leased to a major, national e-commerce tenant at 6300 Bristol Pike in the suburban Philadelphia community of Levittown, Pennsylvania.
A publicity traded REIT purchased the asset for $21.3 million.
The existing warehouse facility is situated on a 9.9-acre parcel in an irreplaceable infill location that provides a deep labor pool with immediate access to Interstates 95, 476 and 276 (Pennsylvania Turnpike). This mission-critical logistics location provides the tenant access to nearly two million people within a 30-minute drive time.
Originally constructed in 1963, 6300 Bristol Pike underwent a multi-million-dollar renovation between 2018 and 2019 to upgrade functionality. The renovated facility features new exterior panels, new HVAC equipment, new car and trailer parking, expansion of vacant land for conversion to additional ca
