Ajax Partners Acquires Industrial Asset In Philadelphia From Brett Hamilton & Richard Previdi For $50.53M

The asset involved in this transaction is an industrial property located at 500 Virginia Drive in Philadelphia, PA. The sale was completed for a total of $50,530,000, featuring an area of 325,000 square feet, resulting in a price per square foot of $155.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $50,530,000
• Address: 500 Virginia Drive
• Market: Philadelphia, PA
• Square Feet: 325,000
• Price per Square Foot: $155
• Buyer: Ajax Partners
• Buyer Representatives: Stuart Silberberg & Ian Blatt
• Seller: Brett Hamilton & Richard Previdi
• Brokerage Firm: CBRE
• Brokers: Jerome Kranzel & Bruer Kershner

The transaction was facilitated by the representatives of the buyer, Stuart Silberberg and Ian Blatt. The seller was represented by Brett Hamilton and Richard Previdi, while the brokerage services were provided by Jerome Kranzel and Bruer Kershner from CBRE.