Seller gets tenfold return on warehouse sale as Northeast Philadelphia industrial market remains hot

10/11/2024

A New York investment firm has acquired a 305,000-square-foot distribution center next to Northeast Philadelphia Airport, adding to a recent flurry of industrial sales in that pocket of the city.

Eagle Cliff Real Estate Partners bought the building at 11350-11400 Norcom Road from 5601 Tulip LLC and Monarch Global Brands, real estate brokerage Binswanger announced.

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