Michael A. Innocenzo Acquires Office Property In Plymouth Meeting For $7.7M

Located at 480 South Gravers Road in Plymouth Meeting, PA, the property involved in the transaction is an office asset spanning 7 acres. The sale price for this property was $7,700,000, equating to a price per square foot of $562. The buyer of this property was Michael A. Innocenzo from PECO, while the seller was Proudfoot Investments. The 13,700-square-foot office and truck servicing building on the 7-acre property were part of the transaction, with Colliers International's David Dickson representing the buyer, and Justin Bell, Mitch Russell & Ryan Guittare from Newmark representing the seller.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $7,700,000
• Buyer: Michael A. Innocenzo - PECO
• Seller: Proudfoot Investments
• Buyer's Representative: David Dickson - Colliers International
• Seller's Representatives: Justin Bell, Mitch Russell & Ryan Guittare - Newmark
• Square Footage: 13,700
• Price Per Square Foot: $562
• Address: 480 South Gravers Road, Plymouth Meeting, PA

The transaction involved ECO purchasing a 7-acre property in Plymouth Meeting for $7,700,000, which comprised of a vacant 13,700-square-foot office and truck servicing building. Proudfoot Investments was the seller, with representation from Newmark's Justin Bell, Mitch Russell, and Ryan Guittare. Colliers' David Dickson represented PECO in this property deal.