Firm sells office building for $3.1M

By - Last modified: May 1, 2013 at 9:21 AM

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A limited partnership recently sold a three-story office building in South Whitehall Township for $3.15 million.

Lehigh County commercial real estate transactions show that 4905 Tilghman Street Holdings LP sold 4905 W. Tilghman St. to Westfield Corporate Holdings LP.

The investor is planning to keep the 65,000-square-foot building as a multi-tenant office building, said Phil Schenkel, vice president of CB Richard Ellis, a global commercial real estate firm with an office in Allentown.

Schenkel said CB assisted the buyer in purchasing the property and is retained as the leasing agent for the remaining 28,000 square feet of vacant space.

The building has about seven existing tenants, including Wells Fargo and Met Life.

Brian Pedersen

Brian Pedersen

Reporter Brian Pedersen covers construction, development, warehousing and real estate and keeps you up to date on the changing landscape of our community. He can be reached at brianp@lvb.com or 610-807-9619, ext. 108. Follow him on Twitter @BrianLehigh and read his blog, “Can You Dig It,” at http://www.lvb.com/section/can-you-dig-it.

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