X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BENSALEM, PA-Holy Family University pays Philadelphia-based PhiladelphiaTelco Credit Union more than $3 million, or about $112 per sf, for the27,000-sf office building at 1311 Bristol Pike here. It is the formerSpiegel Catalog Call Center, which has been vacant since Philadelphia Telcopurchased it for less than $3 million in 1999.

The building is located on 4.76 acres within easy access of I-95 andWoodhaven Rd. It joins the Catholic university’s existing campuses in NorthPhiladelphia and Newtown, PA. The university will renovate the building intoclassrooms for accelerated degree programs.

“In the future, the site may also host graduate business seminars,continuing education courses for professionals and other events,” says Patrick Green, asenior managing director of the Philadelphia office of Insignia/ESG.

Insignia represented Philadelphia Telco in its 1999 purchase of theproperty. Green, Dennis Durkin and Brian Smyth of Insignia were the sole brokers inthe sale to Holy Family.

The university was established in 1954 and operates under the ministry ofthe Sisters of the Holy Family of Nazareth.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.