Los Angeles-based InterPrint pays $3.8 million, or about $54.29 per sf, for the Bristol building its five-acre site. Low interest rates made purchasing the building a cost-efficient option for the printer.
InterPrint is a subsidiary of Journal Register Co., one of the largest publishers of daily and weekly newspapers and mass-circulated community publications in the country. Keystone is a 400-acre, master-planned, business center with direct access to I-95, and it is within 45 minutes of Philadelphia International Airport.
Meanwhile, the Bucks County newspaper paid $1.1 million, or nearly $87,000 an acre, for the Penn Warner parcel. It plans to build a new 65,000-sf printing and distribution facility on the land.
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