Former Simkar Corp. Lighting Company Property In Philadelphia Sold For $5.5M

The former home of Simkar Corp., a lighting company that closed its doors in 2019, has been sold in a closed property transaction. The property, located at 700 Ramona Avenue in Feltonville-Juniata Park, Philadelphia, is an industrial asset with a total square footage of 283,500. The transaction involved a loan amount of $5,500,000 from BECapital.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $5,500,000
• Square Footage: 283,500
• Address: 700 Ramona Avenue, Feltonville-Juniata Park, Philadelphia
• Lender: BECapital

The deal did not provide information about the landlord or any additional details regarding the transaction participants. It is worth noting that the property was sold as part of a bankruptcy process, following the closure of Simkar Corp.