The 340 Oakwood Ave. building is being rebranded “Victory Business Center,” Equilibrium Equities said in a news release announcing its purchase.
The 270,000 square-foot building is more than 70 percent leased, Equilibrium said, but has suites from 9,000 square feet to 60,000 square feet still available.
The Blue Bell, Pennsylvania, company plans to renovate the exterior, replace roofing, and upgrade lighting and signs, it said, adding that it will also work on some interior demolition, minor building system repairs, and dock doors and equipment.
Built in 1962 as a grocery distribution warehouse by S.M. Flickinger Company, the building was purchased by Horwitz Paper in 2001.
Michael Manzari of Cushman & Wakefield/Pyramid Brokerage represented the seller, Equilibrium said.
Contact McChesney at cmcchesney@cnybj.com
PHOTO CREDIT: Equilibrium Equities Inc.
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