Greek Development Buys Industrial Property In Philadelphia For $31.5M

The industrial facility located at 2121 Wheatsheaf Ln in Philadelphia, PA has been sold for $31.5 million. The property spans 305,706 square feet and features clear heights of 19 to 21 feet, 30 loading doors, and over 350 parking spaces.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $31,500,000.00
• Address: 2121 Wheatsheaf Ln, Philadelphia, PA
• Market: Philadelphia
• Seller's Rep: Kyle Lockard(JLL), Larry Maister(JLL)
• Buyer: Greek Development
• SF: 305706

The seller, represented by John Plower, Ryan Cottone, Larry Maister, and Kyle Lockard of JLL, successfully closed the deal with Greek Development for the industrial property. The property was leased to Dependable Distribution Services, a cocoa bean distributor, at the time of sale.