An affiliate of Philadelphia developer John Wei has
purchased the 200,000-square-foot Red Bell Brewing Co. building at 31st and
Jefferson Streets in the city's Brewerytown section.
Brewerytown Investment L.P. paid $1.85 million this month
for the vacant 1870s brewery building on 70,000 square feet of land, according
to Ken Wellar, a managing partner at Rittenhouse Realty Advisors, which
marketed the property.
Brewerytown Investment shares an address with other
ventures connected to Wei, whose affiliates also own the Independence Press
Building at 525 N. 11th St. and the Church of the Assumption at 1131 Spring
Garden St. in the West Poplar neighborhood. Wei did not immediately respond to
phone and email messages asking about his plans for the brewery building.
Source: Philly.com
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