Liberty Property Trust has acquired a surface lot at 19th and Arch streets in Philadelphia. The property is part of a block the company has been assembling for some time for what many believe will be the site for a third tower for Comcast Corp.
The Malvern, Pa., real estate investment trust paid $2.45 million to buy what is a 10,720-square-foot surface parking lot at 1931-1937 Arch St.
It bought it from a limited liability corporation going under the initials J.H.E., according to Philadelphia property records. The entity has a Cherry Hill, N.J., postal address.
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(Comcast is the parent company of NBC10)
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