Regions Midatlantic | Philadephia
CBRE Sells Philadelphia Food Distribution Center
May 20, 2008

CB Richard Ellis Inc. representing the seller, BDB Co., a private partnership affiliated with the tenant, Brooks Provisions, arranged the sale of 3445 & 3535 South Front Street in Philadelphia, Pa. Located within the Food Distribution Center, the 86,315-square-foot cold storage food warehouse and distribution facility was purchased by Ashforth Paradigm Capital Advisors. The facility, which houses the corporate headquarters and main distribution facility of Brooks Provisions, is a fully leased. Brooks Provisions, the sole-tenant, will continue to operate in the building it has sold under its existing lease.

 
Recent Philadelphia Headlines
Asset Manager Signs on for 60,000SF at Philly's Mellon Bank Center
A new name is in line to be added to the tenant roster at Mellon Bank Center in Philadelphia, now that Aberdeen Asset Management Inc. has committed to 60,000 square feet of office space at the 1.3 million-square-foot Class A property.
Newly Created Hill Entity Buys 2.2 MSF Philly Mixed-Use Project
Marlton, N.J.-based construction manager Hill International has created Hill International Real Estate Partners L.P., a real estate development services firm that will serve the commercial and hospitality industries across the Mid-Atlantic and Northeast. The newly formed entity has already made a grand move--the firm just acquired developer Walnut Street Capital's interests in the 2.2 million-square-foot American Commerce Center project in Philadelphia.
Audit Firm Relocates HQ to Two Floors at 1.2M-SF Trophy Tower in Philly
Having signed a lease with Philadelphia Liberty Place L.P., owner of One Liberty Place at 1650 Market St. in Philadelphia, Parente Randolph L.L.C. has made the move to its new 50,000-square-foot headquarters in the 1.2 million-square-foot Class A office high-rise.