Los Angeles-based InterPrint pays $3.8 million, or about $54.29 per sf, for the Bristol building its five-acre site. Low interest rates made purchasing the building a cost-efficient option for the printer.
InterPrint is a subsidiary of Journal Register Co., one of the largest publishers of daily and weekly newspapers and mass-circulated community publications in the country. Keystone is a 400-acre, master-planned, business center with direct access to I-95, and it is within 45 minutes of Philadelphia International Airport.
Meanwhile, the Bucks County newspaper paid $1.1 million, or nearly $87,000 an acre, for the Penn Warner parcel. It plans to build a new 65,000-sf printing and distribution facility on the land.
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.
