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PHILADELPHIA-Chicago-based Sara Lee Corp. has sold a 101,800-sf building to the city of Philadelphia division of aviation for $2.4 million, or about $23.58 per sf. The property is on eight acres at 8400 Executive Ave., adjacent to Philadelphia International Airport.

Sara Lee used the facility for meat processing. Its disposal is part of an overall corporate restructuring plan for the conglomerate that makes and markets a diverse range of consumer products under such brands as Hanes, Playtex, L’eggs and Hillshire Farm.

The buyer’s plans for the property have not been announced.

Locally based Binswanger/CBB arranged the sale, and Frank J. Cullen, president of Realty Group East, also in Philadelphia, negotiated the transaction.

Meanwhile, unrelated to the Sara Lee transaction, Binswanger is named exclusive agent for the sale of another property not far from the airport, owned by locally based Mohl Enterprises. It is the 61,000-sf former Defender Athletic Protective building and 1.28 acres on two noncontiguous parcels at 604-42 and 617-21 Moore St., between Center City and the airport with access to I-95, I-76 and Passyunk Ave. Asking price is undisclosed. Cullen is handling the sale for Binswanger.

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