Alliance HSP Acquires Industrial Property In Philadelphia For $3.6M

The industrial building located at 3440 Bartram Ave in Philadelphia, PA, spans 40,900 square feet. Built in 1980, the property sits in proximity to Interstate 95 and Philadelphia International Airport. The seller, the Philadelphia Housing Authority, represented by Michael Kane and Les Haggett of CBRE, along with Vincent Jolly of CVA Commercial Group, sold the asset to Alliance HSP for $3.6 million.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,600,000.00
• Address: 3440 Bartram Ave, Philadelphia, PA
• Market: Philadelphia
• Seller's Rep: Les Haggett (CBRE), Michael Bushkanets (Douglas Elliman)
• Buyer: Alliance HSP
• SF: 40,900

Alliance HSP, the buyer in this transaction, acquired the industrial property from the Philadelphia Housing Authority. Les Haggett of CBRE and Michael Bushkanets of Douglas Elliman acted as the seller's representatives, facilitating the sale. The transaction underscores the building's history, having been owned and occupied by the Philadelphia Housing Authority since 1990.