
Jersey City, New Jersey-based Hudson Equities has purchased the Four and Five Sentry Park office complex in Blue Bell, Pennsylvania, from Keystone Property Group for $34 million, or about $173 per square foot.
The three buildings at 4 and 5 Sentry Parkway East and 325 Sentry Parkway West total 196,273 square feet. The three-story facilities were 93% leased to 23 tenants at the time of sale.
Keystone Property Group originally purchased the buildings as part of a portfolio in August 2013, according to CoStar data. The local investment firm invested $5 million on improvements to the complex including adding a fitness center, outdoor patio, roof deck and upgraded lobby areas.
Hudson’s additional holdings in the Philadelphia area include 2250 Chapel Ave. in Cherry Hill, New Jersey; Island View Crossing in Bristol; and 1000 Madison Ave. in Trooper.
For more information about Blue Bell office space for sale or lease in Blue Bell or about any other Blue Bell commercial properties for sale or lease, please contact WCRE at 215-799-6900
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