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Philadelphia Real Estate Investment Firm Adds Former Ford Motor Facility to Its 'Last-Mile' Portfolio

Velocity Venture Partners Acquires Lansdale, Pennsylvania Industrial Building in $33 Million Sale Arranged by The Flynn Co. and Cushman & Wakefield
The distribution facility at 2750 Morris Road in Lansdale, Pennsylvania, was developed in 1989 by Ford Motor Co. and remained the home of the auto maker's electronic division until 2010. (CoStar)
The distribution facility at 2750 Morris Road in Lansdale, Pennsylvania, was developed in 1989 by Ford Motor Co. and remained the home of the auto maker's electronic division until 2010. (CoStar)
By Charlie Dettbarn, Rachel Whaley
CoStar Research
September 17, 2020 | 11:51 P.M.

Velocity Venture Partners, a value-add industrial investment firm formed in 2016, has bolstered its Philadelphia-area portfolio with its latest purchase, a 677,000-square-foot distribution facility fronting I-476 in Eastern Montgomery County, Pennsylvania.

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News | Philadelphia Real Estate Investment Firm Adds Former Ford Motor Facility to Its 'Last-Mile' Portfolio