German rental car firm buys building to start up near Philadelphia airport
Sixt Rent A Car has purchased a building near Philadelphia International Airport for what will be the German company's first Philadelphia location, according to Newmark Grubb Knight Frank, which brokered the sale.
Sixt Rent A Car has purchased a building near Philadelphia International Airport for what will be the German company's first Philadelphia location, according to Newmark Grubb Knight Frank, which brokered the sale.
The Munich-based car-rental firm bought the 84,471-square-foot industrial building at 3601 Island Ave. for $3.4 million from Pennock Co., NGKF said Tuesday in a release.
NGKF also brokered the purchase of a nearby 104,000-square-foot warehouse by a company called Powers Court Partners for $3.48 million, it said in the release. The 7625 Suffolk Ave. facility will be used to process and distribute packaged kits of pre-measured ingredients that are shipped to consumers for home preparation.
215-854-2615 @jacobadelman