Seaman's building is a 22,000-sf property that served as a seafarers'mission. The institute provides humanitarian and recreational services toseamen at ports along the Delaware River.
In a separate transaction, Seaman's bought the 35,000-sf Cofco OfficeFurniture Building at 475 North 5th St. for $2.4 million, or about $69 persf. It will renovate the building into a corporate office and servicecenter.
"The facility will include a recreation area, computer room and boardroom,"says Patrick Green, senior managing director of the local office ofInsignia/ESG.
Green represented Seaman's in both the sale and the acquisition. Sid Smith,president of locally based Smith Mack/Oncor International and Neil Shupak ofSmith Mack represented Cofco in its sale to Seaman's.
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