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Industrial Investment Fund Buys Airport Parking Lot in Philadelphia

Buyer Venture One Real Estate Hires Newmark To Lease Remaining Site
Venture One Real Estate acquired a 9.13-acre industrial service facility located at 3200 S 70th St. in Philadelphia, Pennsylvania, through an acquisition fund. The property is 55% leased to an airport parking operator. (CoStar)
Venture One Real Estate acquired a 9.13-acre industrial service facility located at 3200 S 70th St. in Philadelphia, Pennsylvania, through an acquisition fund. The property is 55% leased to an airport parking operator. (CoStar)
By Samuel Murch
CoStar Research
May 5, 2023 | 10:05 P.M.

Venture One Real Estate, acting through its VK Industrial VI, LP investment fund, closed on the acquisition of a 9.13-acre industrial site at 3200 S 70th St. in Philadelphia, Pennsylvania, that was 55% leased to an airport parking operator at the time of sale. Venture One has retained Newmark for leasing the remaining 4.04 acres.

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