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Office/Warehouse Trades for Nearly $8M

PHILADELPHIA-The property, sold by BDB Co., which is currently 100% leased, is located within the Food Distribution Center here at 3445 and 3535 S. Front St.

By Brianne Harrison | Updated on May 21, 2008

[IMGCAP(1)]PHILADELPHIA-BDB Co. sold its 86,315-sf office and cold storage food warehouse and distribution center at 3445 and 3535 S. Front St. here to Ashforth Paradigm Capital Advisors for nearly $7.7 million. BDB, which was represented by CB Richard Ellis Inc. in the transaction, is a private partnership affiliated with the facility’s sole tenants, Brooks Provisions.

[IMGCAP(2)]The property, which is located within the Food Distribution Center here, consists of three-story office space connected to a one-story warehouse and distribution facility on 3.36 acres. The original building was constructed in 1965 and expanded by 46,000 sf in 2001, when the 9,525-sf office section and a high bay freezer space were added. Brooks Provisions, which has occupied the space for 35 years and has its corporate headquarters in the office section, plans to remain on the property.

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