Sara Lee used the facility for meat processing. Its disposal is part of an overall corporate restructuring plan for the conglomerate that makes and markets a diverse range of consumer products under such brands as Hanes, Playtex, L'eggs and Hillshire Farm.
The buyer's plans for the property have not been announced.
Locally based Binswanger/CBB arranged the sale, and Frank J. Cullen, president of Realty Group East, also in Philadelphia, negotiated the transaction.
Meanwhile, unrelated to the Sara Lee transaction, Binswanger is named exclusive agent for the sale of another property not far from the airport, owned by locally based Mohl Enterprises. It is the 61,000-sf former Defender Athletic Protective building and 1.28 acres on two noncontiguous parcels at 604-42 and 617-21 Moore St., between Center City and the airport with access to I-95, I-76 and Passyunk Ave. Asking price is undisclosed. Cullen is handling the sale for Binswanger.
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.
