The process at the time it was being built was fairly new,so they kinda figured what they thought it should have been and then doubled the formula,way overbuilt by today’s standard.
That area is zoned heavy industrial and is pretty much the only part in the city that carries that zoning so it has value,the rail line and easy highway excess makes it a desirable property,but only if they can remove the drama otherwise it will be last in line unless somebody with really deep pockets buys everybody out.
The other building where the aircraft engines were manufactured during the war,is attached but owned separate,it has been listed for sale for a long time.
The actual SQ listed is not continuous,it is a combination of parcels that jump around.
Kinda like one owns 6 houses out of 20 on a block and sells them based in total SQFt kinda forgetting about the neighbors in between that chop it all up.
I think really the Russell complex is the only one that actually has the sqft in one spot that can be marketed as such.
When you are looking at over 2 million sqft.
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