Bart Blatstein’s Tower Investments has acquired Piers 38 and 40 along the Delaware River along with the land in between the two structures for $18 million.

The properties at 775 S. Christopher Columbus Ave. include two buildings on Piers 38 and 40 that each total 180,200 square feet and a 120,000-square-foot surface lot on Pier 39. The properties combined total more than 12 acres to the pierhead line.

The area is zoned CMX-3 and can accommodate mixed-use development.

*Article courtesy of Philadelphia Business Journal 

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