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LBA Realty Pays $28 Million for Northeast Philadelphia Amazon Facility

SBG Real Estate Sells Recently Renovated Distribution Facility
Located at 700 Ramona Ave., the 98,652-square-foot facility sits on 17.5 acres of industrial land in Northeast Philadelphia and provides parking capacity for 352 delivery vans. (CoStar)
Located at 700 Ramona Ave., the 98,652-square-foot facility sits on 17.5 acres of industrial land in Northeast Philadelphia and provides parking capacity for 352 delivery vans. (CoStar)
By Carlos Likins
CoStar News
January 6, 2022 | 11:04 P.M.

LBA Realty has purchased a newly renovated distribution facility leased by Amazon for $27.95 million, or about $283 per square foot.

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