John Fiore Jr Of Velocity Venture Partners Buys Industrial Property From Virna D. Weber

Located at 1310 Stanbridge Street in Norristown, PA, an industrial property spanning 47,800 square feet was recently sold for $2.5 million. The transaction involved John Fiore Jr from Velocity Venture Partners as the buyer and Virna D. Weber from Weber Real Estate Holdings as the seller, with a price per square foot of $52.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,500,000
• Buyer: John Fiore Jr - Velocity Venture Partners
• Seller: Virna D. Weber - Weber Real Estate Holdings
• Address: 1310 Stanbridge Street
• Market: Norristown, PA
• Square Footage: 47,800

Velocity Venture Partners acquired the fully leased industrial property from Weber Real Estate Holdings in Norristown. The deal was finalized on February 19, 2024, marking a significant transaction for both parties involved in the sale.