Philadelphia wants to buy the 27-acre property known as International Plaza on Route 291 in Tinicum Township, Delaware County, as part of a long-range expansion of Philadelphia International Airport.
An ordinance was introduced in City Council on Thursday, paving the way for the city-owned airport to purchase the complex, which has two office buildings that were once the corporate headquarters of Scott Paper Co.
The former Scott Plaza site is owned by a joint venture of affiliates of New York-based private equity firm Angelo Gordon & Co. and Amerimar Enterprises Inc., a commercial real estate development and management company.
“We are in the loop on this,” said Gerald Marshall, president and CEO of New York-based Amerimar Enterprises. “Yes, we are willing to sell it.”
Read more at http://www.philly.com/philly/business/20150527_Phila__wants_to_buy_former_Scott_Plaza_site_as_part_of_airport-expansion_plan.html#U7MimCXQbI5WcApC.99