Former NBC10 studio on City Avenue sells to secretive investment firm
Comcast Corp. put the property up for sale in early 2017 as NBC prepared to relocate its broadcasting studios to the new Comcast Technology Center at 18th Street and John F. Kennedy Boulevard in Center City. Susquehanna, a secretive and fast-growing investment company that is one of the country’s largest independent securities trading firms, had been an early contender for the property. A representative from the company confirmed it bought the building and said it has no immediate plans for the property.
The property is in a high-profile location and sits within an area of City Avenue that was rezoned to attract denser, more pedestrian-friendly mixed-use development. The building sits on 5.12 acres.
Bob Corr of Binswanger had the listing.