By Mark Schiele

A 249,400-square-foot industrial building at the Park Pointe at Lower Providence Corporate Center in Montgomery County has been sold for $32 million dollars.

Haverford-based real estate investment firm Sandkris Properties Inc. purchased the building at 2621 Van Buren Ave., according to a report by Jacob Adelman of the Inquirer. It was acquired from an ownership group involving Foster City, Calif.-based Bailard Inc., Robert Beach, president of brokerage Procision Commercial Realty in Washington Township, N.J. said in an emailed news release.

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The building is currently 93 percent occupied. Its tenants include Comcast Corp., PJM Interconnection LLC, and Paychex Inc., according to the release.

A key to its decision to acquire the property was its location near King of Prussia.

Read the complete story here: https://www.inquirer.com/news/sandkris-baird-norristown-industrial-van-buren-procision-jll-20190911.html

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