Frankford Chocolate Factory Sold to Developers
Frankford Candy & Chocolate Company is an American candy manufacturer, located in Philadelphia, Pennsylvania, founded in 1947 by Sam Himmelstein. The company's old site on Washington Avenue has been sold to developers who are said to be planning a mixed-use project, the latest move to bring homes, shops, and offices to the industrial strip.
On Monday, the 100,000-square-foot property at 21st Street was sold to a consortium of buyers that plans to develop the site, said Robert Fahey, an executive vice president at commercial real estate services firm CBRE in Philadelphia.
One of the buyers, Anthony Nguyen, confirmed the acquisition but declined to provide other details. Planners and developers are seeking to recast western Washington Avenue, now largely factories and warehouses, as a mixed-use corridor to sustain growth along Center City's southern fringe.