Royal Oak Realty Trust recently purchased a two-building complex in Upper Providence Township for $29.25 million, writes Ryan Mulligan for the Philadelphia Business Journal.
The 14-acre property at 500 Prosperity Drive sits along the Schuylkill River, directly across from Phoenixville, and remains fully leased to longtime tenant Global Packaging Inc.
The site has been a steady hub of industrial growth. Conshohocken-based Maguire Hayden Real Estate Co. first developed a 125,000-square-foot building in 2019, then added a 100,000-square-foot expansion last year to accommodate the manufacturer’s increased production needs. The firm originally bought the land in 2019 for $15 million, making this sale a notable return amid a cooling regional industrial market.
At $130 per square foot, the transaction came in below the region’s third-quarter average of $159 for similarly sized industrial properties, according to Colliers. For Rochester-based Royal Oak, the acquisition marks its third Pennsylvania addition, joining sites in Exton and Quakertown.
Global Packaging, founded in Oaks in 1948, manufactures a range of packaging products and has more than a decade left on its lease. Royal Oak said it views the facility as a “mission-critical” operation and does not plan any changes to the buildings.
To learn more about the Upper Providence real estate purchase, visit the Philadelphia Business Journal.
Editor’s Note: This post was originally published on MONTCO.Today in November 2025.
