Pennington of Binswanger negotiates acquisition of 247,447 s/f property located in Philadelphia
PHILADELPHIA, PA — Binswanger announced the acquisition of an industrial property totaling 247,447 s/f on 12.40 acres located at 3250 South 76th St., Philadelphia. The property was sold by GMIP South 76th Street, L.P. for $14,343,239 to the Trustees of the University of Pennsylvania, as owner and operator of the University of Pennsylvania Health System. The transaction was handled by Chris Pennington, senior vice president in Binswanger’s Philadelphia office. Headquartered in Philadelphia, Binswanger is an international full-service real estate organization with offices worldwide.