BET Investments Inc. has closed on the purchase of Prudential Insurance Co.’s 90-acre campus, paying $30.25 million for the property that is visible from the Pennsylvania Turnpike.
The property at 2101 Welsh Road in Upper Dublin has three interconnected office buildings that total 861,000 square feet and surface parking lots that have 2,175 spaces. Prudential was the seller.
The Philadelphia Business Journal reported in April that BET Investments had put the property under contract.
Prudential developed the buildings between 1972 and 1986 as its Central Atlantic home office and had hundreds of employees working from the campus. The insurer is expected to vacate the complex by the end of 2023.
*Article courtesy of Philadelphia Business Journal
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