Trinity Broadcasting Relocates to Folcroft

FOLCROFT, PA-Three buildings here sell in two unrelated transactions. Trinity Broadcasting Network acquired two buildings aggregating 24,000 sf for just shy of $1.2 million, while a private investment partnership purchased a 32,000-sf flex/industrial property with plans to divide it into office/industrial condo units.

Brian Hilger, Fran Mahoney and Peter Greenhalgh of the Philadelphia office of Cushman & Wakefield negotiated the Trinity deal. The properties are a 3,000-sf building at 960 Ashland Ave. sold by Richard Griest, and a 21,000-sf facility at 1810 Columbia Ave. that was sold by REI Consultants. The individual property prices are undisclosed, but the average price for the two structures is $49.38 per sf. The C&W team says Trinity will relocate from its current facilities in Manayunk and use the new properties as television studios.