BET Investments Inc., known for mixed-use developments in the Philadelphia suburbs, has purchased an office building and adjacent parking lot in Ambler next to the SEPTA Regional Rail station.

Property records show the company paid $12.8 million for the two-story, 66,500-square-foot office building at 100 W. Butler Ave. and the parking lot across South Maple Street next to the train station.

The approximately 3.5 acres sit in a prime spot for redevelopment, but for now, BET Investments President Michael Markman is comfortable with the building’s two occupants, Hatch LTK and Precis Engineering, both engineering firms with long-term leases.

*Article courtesy of Philadelphia Business Journal

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