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Third Federal Building

The Northeast Times has a story on the transaction that resulted in the sale of the Third Federal Building to NET (Northeast Treatment Centers). There are varying opinions about the wisdom of having a treatment facility on Main Street Frankford but the real issue in my opinion is that the citizens of Frankford had no say in the matter. That is unfortunate. Now this sale looks like a deal done in a back room in the dark of night. It gives it a bad smell that it may not deserve.

One other curious aspect to this deal is that the sale has still not been properly recorded on the city Bureau of Revision and Taxes web site. What it does show is that the property is still in the hands of the Frankford CDC located at 499 N 05TH ST SUITE A PHILADELPHIA PA 19123 which happens to be the headquarters of NET. No sale date is listed and no sale price.