The Blau & Berg Company arranges sale of American Equity Partners’ Phila. portfolio
PHILADELPHIA, PA — The Blau & Berg Company recently brokered the sale of a portfolio of land in Philadelphia, PA from American Equity Partners, LLC to Ivy Equities II, LLC. Jason Crimmins, CCIM, SIOR, Peter Murano, SIOR, Alessandro Conte, CCIM, SIOR and Michael Schipper of The Blau & Berg Company represented the seller, while Scott Savastano of The Blau & Berg Company represented the buyer in this transaction. The 118,509 s/f on 17.61 acres consisted of a 63,200 s/f facility with 60 docks, 11,350 s/f refrigerated terminal with 20 docks, a 15,000 s/f terminal with 41 docks, and a 20,000 s/f terminal which includes a 5,000 s/f garage facility. Over 113 docks and 10 drive-ins in total. The tenants include: Fresh Direct (a grocery delivery service), Amazon (an online fulfillment center), H&M (a 3PL logistics company), Romad (an ambulance service licensed by both the Pennsylvania and NJ Department of Health), and Galusso (a 3PL logistics service).