New York-based investment banking firm Blue Stone Capital has bought an office property in Audubon, Pennsylvania, for $20 million.
Located at 1001 Adams Avenue, the property comprises 136,918 square feet. The building includes features such as a full-service cafeteria, outside patio, meeting areas, an on-site fitness center with showers and video conferencing spaces.
Delaware Valley Real Estate Investment Fund LP was the seller represented by commercial real estate advisory firm Newmark Knight Frank.
The property is within close proximity to Route 422 and the heavily used Trooper Road.