Radnor-based MLP Ventures, the real estate company run by J. Brian O’Neill, has put the Philadelphia Inquirer’s 674,000-square-foot printing plant in Conshohocken under agreement, writes Natalie Kostelni for the Philadelphia Business Journal.
The property set on 45 acres is planned be adjusted for the life sciences industry to complement the work being done by MLP nearby, off Swedeland Road.
There, the company is redeveloping former GlaxoSmithKline space into Discovery Labs, a 1.6-million-square-foot campus that will cater to companies in the health care, life sciences, and pharmaceutical industries.
The Philadelphia Inquirer said last year it was planning to close the Schuylkill Printing Plant and lay off around 500 employees there.
“While not yet finalized, we remain on track to move the printing of our newspapers to Gannett’s unionized facility in Cherry Hill and to close and sell our Schuylkill Printing Plant in Conshohocken,” said Tim Spreitzer, a spokesman for the Philadelphia Inquirer, at the time.
Before MLP’s involvement, it was speculated that a company in need of warehouse-distribution space would buy the property due to its proximity to several major highways and several of the region’s population centers.
Read more about the sale at the Philadelphia Business Journal by clicking here.