Fine Print: Site sells for new Penn State-Abington housing, Lansdale industrial building trades for $19M

1/15/2021

By Natalie Kostelni  – Reporter, Philadelphia Business Journal

A roundup of recent real estate transactions across the Philadelphia region:

$19.5M

Velocity Venture Partners paid $19.5 million for 1180 Church Road, a single-story, 452,323-square-foot industrial building on 38 acres in Lansdale. DeSanto Realty Group sold the property, which was built in 1966. Chris Pennington and Tim Pennington of Binswanger arranged the transaction.

$2.5M

College Town Communities, a Philadelphia student housing developer, paid $2.5 million for 230 Fairhill St., a four-acre parcel in Willow Grove. The seller was Fairhill Properties LLC. The buyer plans to break ground this spring on a project with 132 apartments that will serve students at Penn State-Abington. Chris Pennington of Binswanger represented the seller.

Read the full article here.

Press

10/24/2024 Binswanger: Eagle Cliff adds to holdings with 305,000 sq. ft. Philadelphia industrial deal
10/11/2024 Three years after $10.4M sale, 682,000-sq-ft former Cigna HQ in Bloomfield on the market again
10/11/2024 Seller gets tenfold return on warehouse sale as Northeast Philadelphia industrial market remains hot
7/17/2024 Acore Capital Supplies $53M Construction Loan on Philly Industrial Project
12/19/2023 What's next for vacant warehouse space in Evesham after new owner takes over?
11/15/2023 Marcus Partners buys Boonton warehouse with outdoor storage
10/31/2023 LevLane relocates and downsizes Center City offices, continuing tenant exodus from Wanamaker building
5/25/2023 Solar Panel Maker Plans $66 Million South Carolina Development
5/18/2023 Getting Into the Heads of Life Science Clients
4/7/2023 Former Sikorsky helicopter plant in Coatesville acquired by storied aviation firm
1/27/2023 UArts Sells 103-Year-old Center City Building to Philadelphia Developer
8/16/2022 Bart Blatstein buys Piers 38 and 40 along the Delaware River
7/28/2022 Frank G. Binswanger Jr., corporate real estate executive, chairman emeritus, and civic leader, has died at 94
1/18/2022 Velocity expands footprint in Pennsauken with purchase of 560,000 sq. ft. industrial property
10/28/2021 History for Sale: Piers 38 and 40 Hit the Market
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