The 251,751 sf warehouse in the 250-acre Valley Forge CorporateCenter at 2621 Van Buren Ave. was sold to Montreal-based MoteliProperty Group for nearly $25.3 million. Comcast Corp., PayChex,Texas Instruments and PJM Interconnection are all tenants in thebuilding. ComCast has 47,000 sf of warehouse space in the buildingthrough the year 2017 that will then be converted to office.

"This building has a great rent roll, great credit and greattenants," Michael Hines, an EVP at CB Richard Ellis, tellsGlobeSt.com. "This is sort of a sweet spot, what we call Core Plusproperties. They have good credit, good terms, value add potentialand good, consistent, reliable rents."

The building was completed in phases between 1969 and 1986. Thewarehouse was transformed partially to office and warehousefacility from industrial property with $10 million in capitalimprovements for the past 10 years. Now much of the building hasclass A office space with up to 12 foot ceilings, new windows,individual tenant entrances and refurbished common areas.