Buyer eyes Nabisco plant for retail development
An out-of-town buyer is under agreement to purchase the former Nabisco plant in Northeast Philadelphia, with plans to redevelop most of the site for retail, said Colliers International senior vice president Richard Gorodesky, who is helping broker the transaction.
An out-of-town buyer is under agreement to purchase the former Nabisco plant in Northeast Philadelphia, with plans to redevelop most of the site for retail, said Colliers International senior vice president Richard Gorodesky, who is helping broker the transaction.
The unidentified buyer is currently completing due diligence on the deal to buy the 27.5 acre property at 12000 Roosevelt Blvd. where the defunct cookie factory is located, Gorodesky said Friday.
Current plans call for demolishing the factory and building shops in its place, he said. A separate 120,000 square foot industrial building on the site would be retained and leased to a warehousing and distribution tenant.
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