Penn State University’s board of trustees on Friday unanimously approved the sale of two Philadelphia Navy Yard buildings to the International Brotherhood of Electrical Workers Local 98 and the union’s apprenticeship arm for a combined $18.5 million.

The buildings total 65,057 square feet. A 38,348-square-foot building at 4960 S. 12th St. was approved to sell for $11.25 million to IBEW Local 98. Penn State approved the sale of a neighboring 26,709-square-foot building at 1101 Kitty Hawk Ave. for $7.25 million to Electrical Workers Joint Apprenticeship and Training Trust Fund.

*Article courtesy of Philadelphia Business Journal

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