A University City office building has been sold for $10.8 million.
The 36,617 square-foot, two-story building at 5151 Shoreham Place is on 2.41 acres of land.
Built in 1984 with a red brick facade, the building was recently renovated and is fully leased.
The buyer was Performance Wealth Investments II, LLC.
The seller was Palisades Property Trust.
Rick Reeder and Brad Tecca of Cushman & Wakefield represented the seller.
Mike Conger and Brian Jenkins of CEP Commercial represented the buyer. Financing was arranged by Ben Schwartz of Cushman & Wakefield.