PHL Buys Vacant Office Building Next to Airport for $42 Million

Philadelphia International Airport has picked up a vacant office building next to the travel hub for $42 million, giving the airport rare room to expand as it weighs what comes next, reports Paul Schwedelson for the Philadelphia Business Journal.

The city’s Department of Aviation purchased the 441,000-square-foot building at 8800 Tinicum Blvd. from Office Properties Income Trust.

The 31.6-acre property sits just west of the airport across I-95 and comes with a surface lot that holds 1,285 vehicles…

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