COLLIERS L&A BROKERS 63,000-SQUARE-FOOT WAREHOUSE SALE

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PHILADELPHIA — Colliers Lanard & Axilbund has brokered the sale of a 63,000-square-foot warehouse/distribution facility located in Philadelphia for $3.71 million. The building is situated on 3.04 acres at 913-29 Wallace St. The single-story building features a partial mezzanine area with 8,000 square feet of office/showroom space as well as parking for 75 cars. Michael Barmash of Colliers represented the sellers, Dorothy Jane Staples and Michael Staples. The buyer, 913 Wallace Street Associates LP, is renovating the property, formerly a store fixture business, for warehousing purposes.

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