Philadelphia, PA [August 17, 2017] — Colliers International in Philadelphia concluded the sale of a 17,352-square-foot development site in the highly desired, rapidly developing residential area of Northern Liberties. The property, located at 201-11 E. Allen Street, is just steps from the Delaware River waterfront, public transit, and I-95 access. The site consists of a 15,300 +/- SF industrial property and 17,350 +/- SF of land. It was sold to a private investment group for $2.25 million. They plan to redevelop it into residential units.
Colliers’ Michael Barmash and Richard Gorodesky were the sole brokers in this transaction. Colliers also represented the seller, Exceptional Foods, in relocating to a large, modern industrial facility in Pennsauken NJ to accommodate their expansion and enable them to better serve their customers.