Alliance HP Acquires Montgomery County Office and Industrial Properties for $23.1 Million

Alliance HP pays $23.1M for Montgomery County office, industrial buildings

Alliance HP, headquartered in Bryn Mawr, has acquired two properties in Montgomery County for a total of $23.1 million. These properties consist of an industrial building and an office building, both of which Alliance HP intends to convert into flex industrial spaces.

According to property records, the company purchased a fully vacant 143,000-square-foot office building located at 1 Innovation Drive in Plymouth Meeting for $11.3 million. Alliance HP plans to renovate this building, adding new loading docks and drive-in doors to accommodate flex industrial use, as indicated in marketing materials. The site is zoned for limited industrial purposes.

The seller of the building was Plymouth Meeting Title Holder LLC.

*Article courtesy of Philadelphia Business Journal

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