Newmark Facilitates $59 Million Sale & Financing of 6250 Baltimore Avenue in Delaware County, Pa.
October 24, 2024
October 24, 2024
NEW YORK, Oct. 24 -- Newmark Group issued the following news release:
Newmark[1] announces it has completed the $59 million sale and financing of 6250 Baltimore Avenue--a 450,000-square-foot industrial building located in Philadelphia, Pennsylvania. The 96% occupied asset traded from the seller, an affiliate of Velocity Venture Partners, to an undisclosed buyer. Newmark was the sole broker on the transaction, with Managing Director Ryan Guittare leading the team's efforts.
Newmark[1] announces it has completed the $59 million sale and financing of 6250 Baltimore Avenue--a 450,000-square-foot industrial building located in Philadelphia, Pennsylvania. The 96% occupied asset traded from the seller, an affiliate of Velocity Venture Partners, to an undisclosed buyer. Newmark was the sole broker on the transaction, with Managing Director Ryan Guittare leading the team's efforts.