Senior directors James Sheehan, James Vesey and Jerome Kranzelin the locally based capital markets group of Cushman &Wakefield represented the seller and also procured the buyer."There was tremendous interest in the property," Sheehan tellsGlobeSt.com, "because it's exceptionally well located and becauseit's an interesting building, which has been converted into a verycool 21st century mixed-use facility."

The one- and two-story building was originally developed in 1926as a factory for renowned radio manufacturer A. Atwater Kent. Itssaw-tooth architectural profile immediately gave it landmarkstatus. In the 1980s, it was renovated and converted into amixed-use facility that is currently 94% occupied by a diverse mixof warehouse, office and retail tenants.

The largest is the City of Philadelphia, which uses space tostore all of the city's voting machines. Material Culture, aretailer of salvage and antique furnishings from around the world,operates a 70,000-sf showroom in the center. Temple Physicians andResources for Human Development are among the office tenants.