Westport Capital Partners Buys 500 Virginia Dr (325,000 SF) in Philadelphia

Reported Oct 7, 2026 · Source: CRE News

Source: CRE NewsRead the full report at CRE News ↗

Deal details

Buyer
venture of Westport Capital Partners and Ajax Partners
Seller
Alliance HP (paid $8.1M in 2019)
Price
$50.5M
Size
325,000 SF; $155.38/SF
Price per SF
$155 per SF (our calculation)
Asset class
Industrial
Transaction
Sale
Sub-market
Montgomery & Bucks Counties
Metro
Philadelphia
Reported date
Oct 7, 2026

Summary

500 Virginia Dr is an industrial sale in Montgomery & Bucks Counties, Philadelphia. Other details we have: buyer venture of Westport Capital Partners and Ajax Partners; seller Alliance HP (paid $8.1M in 2019); price $50.5M; size 325,000 SF; $155.38/SF. CRE News reports: “Philadelphia Business Journal A venture of Westport Capital Partners and Ajax Partners has paid $50.5 million, or $155.38/sf, for a 325,000-square-foot flex industrial property at 500 Virginia Drive in Fort Washington, Pa. Westport, of Darien, Conn., and Ajax, of New York, acquired the building…”

Quoted from the article; the other facts come from our own deal listing.

Source: CRE News

Read the full report at CRE News. What the article says:

  • Deal / Price / Size / Buyer / Seller
    Philadelphia Business Journal A venture of Westport Capital Partners and Ajax Partners has paid $50.5 million, or $155.38/sf, for a 325,000-square-foot flex industrial property at 500 Virginia Drive in Fort Washington, Pa. Westport, of Darien, Conn., and Ajax, of New York, acquired the building from Alliance HP of Conshohocken, Pa., which paid $8.1 million for […]

Article date: 2026-10-07T14:58:47+00:00

Quick answers

Who bought 500 Virginia Dr?
Westport Capital Partners bought 500 Virginia Dr in Montgomery & Bucks Counties, Philadelphia, according to CRE News.
How much did 500 Virginia Dr sell for?
The reported price is $50.5M ($155 per SF, our calculation), per CRE News.
How big is 500 Virginia Dr?
325,000 SF; $155.38/SF, as listed from the source.
When was this sale reported?
Reported Oct 7, 2026 by CRE News.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.