The high-tech facility, once used to control all Conrail trains in the Northeast Corridor, has an uninterrupted power supply, separate incoming high-capacity power lines, two main circuit breakers and a tie circuit breaker with a high amp rating.
According to a statement, King of Prussia-based O'Neill will either lease the facility or redevelop it into class-A office space.
Jeff Mack and Bud Hirsch of the Philadelphia office of Smith Mack and John Morrissey of Morrissey Partners represented Conrail in the transaction. O'Neill names Mack and John Susanin of Smith Mack/Oncor International exclusive leasing agents.
O'Neill has developed or redeveloped about 13 million sf of office space, primarily between Washington, DC and Boston. It is currently developing approximately 4 million sf in the greater Philadelphia market.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
