Colliers International in Philadelphia concluded the sale of a 17,352-square-foot development site in the highly desired, rapidly developing residential area of Northern Liberties. The property, located at 201-11 E. Allen Street, is just steps from the Delaware River waterfront, public transit, and I-95 access. The site consists of a 15,300 +/- SF industrial property and 17,350 +/- SF of land. It was sold to a private investment group for $2.25 million. They plan to redevelop it into residential units.

Colliers’ Michael Barmash and Richard Gorodesky were the sole brokers in this transaction. Colliers also represented the seller, Exceptional Foods, in relocating to a large, modern industrial facility in Pennsauken NJ to accommodate their expansion and enable them to better serve their customers.

About Colliers International

Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Regionally, Colliers International has served clients in the Philadelphia area since 1920 and comprises six offices in Eastern Pennsylvania, Southern New Jersey, and Delaware. For the latest news from Colliers International, visit Colliers.com/Philadelphia, or follow us on Twitter and LinkedIn.