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Trinity Broadcasting Relocates to Folcroft

FOLCROFT, PA-Three buildings here trade hands in two unrelated transactions. Trinity Broadcasting buys a 3,000-sf and a 21,000-sf building for an aggregate of almost $1.2 million. Another buyer pays $1.1 million for a 32,000-sf flex/industrial property.

By Marita Thomas | Updated on May 12, 2005

FOLCROFT, PA-Three buildings here sell in two unrelated transactions. Trinity Broadcasting Network acquired two buildings aggregating 24,000 sf for just shy of $1.2 million, while a private investment partnership purchased a 32,000-sf flex/industrial property with plans to divide it into office/industrial condo units.

Brian Hilger, Fran Mahoney and Peter Greenhalgh of the Philadelphia office of Cushman & Wakefield negotiated the Trinity deal. The properties are a 3,000-sf building at 960 Ashland Ave. sold by Richard Griest, and a 21,000-sf facility at 1810 Columbia Ave. that was sold by REI Consultants. The individual property prices are undisclosed, but the average price for the two structures is $49.38 per sf. The C&W team says Trinity will relocate from its current facilities in Manayunk and use the new properties as television studios.

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