Real Estate Journal — Pennsylvania Experts — September 14 - 27, 2018 — 7C
www.marejournal.com
M id A tlantic
P ennsylvania E xperts
6 buildings covering 1.8 million s/f on 25 acres in Phila. was former 20th Century industrial giant Max Spann Real Estate & Auction Company sets date for Historic Budd Company site auction
P
bids to be submitted. Inter- ested prospective bidders can tour the property before the auction by contacting Max Spann at 888-299-1438. Max Spann Real Estate and Auction Company is America’s premier real estate auction and advisory company and has been an industry leader in acceler- ated marketing and consulting services for more than 50 years. The company's Accelerated Auc- tion Marketing Program creates urgency in the marketplace and allows sellers to control the terms and the timing of the sale of their real estate assets.
HILADELPHIA, PA — The sprawling Budd Company site in the
T i o g a / Ea s t Falls section of Philadel- phi a where thousands of factory work- ers once pro- duced parts f o r p l ane s , trains and au-
Bob Dann
tomobiles is going up for auction. What remains of the site has been divided into five parcels so that bidders can bid on any one of them or bundle more than one into a package bid. Some- one may even bid on the entire five. The site will most likely serve a mix of uses, though. “The property is so large we suspect you will see homes built on a portion and commercial/ industrial on another portion,” said Max Spann Real Estate and Auction Company COO Bob Dann “The property lays out in a very organized manner with three of the parcels on one side of the railroad tracks and then the two large parcels on the other side of the tracks. I could see a winning bidder try to package the properties on one side or the other. It’s re- ally up the imaginations of the perspective buyer or buyers.” The buildings were con- structed from 1917 to 1988 and include a mix of industrial, distribution and warehouse with high ceilings and rail and tractor trailer access. In addi- tion to parts for cars, trains and planes, Budd built complete passenger rail cars, missile and space vehicles and various defense products at the factory. Some of the buildings on the property are ideal for both re- tail and residential spaces with courtyard floorplans, large windows and close proximity to shopping, transportation and Temple Health, which is located in a previously ac- quired converted Budd factory building. Another former Budd building has been turned into a Shop Rite. The parcel sizes range from .66 acres to 10.46. The square footage in the buildings ranges from 5,600 to 681,480. The neighborhood, just off Route 1 and & 76 has been rapidly im- proving and the redevelopment of this once bustling campus would accelerate that upward trajectory. The company has set an Auction Date of October 4 for
Budd Company site in the Tioga/East Falls section of Philadelphia
AUCTIONS October 4 th MAJOR REDEVELOPMENT SITE PHILADELPHIA
BULK SALE 37 CONDOMINIUM UNITS NEWARK, DELAWARE • 25.29+/-Acres • Six Buildings - 1,871,911+/- SF • 5 Parcels Sold Separately or in Combinations • Close to Shopping, Transportation and Temple Health • Mixed Use Opportunity
• By Order of Delaware Chancery Court • Excellent Opportunity for Developers and Investors to Complete the Development • Village of Fountainview Community • 37 Units Includes Model Unit and Five Completed Units • Active Adult Community • Convenient to Routes I-95, 1, 4, 7 and 72
Call for details 888-299-1438 maxspann.com | Robert L Dann Auctioneer Lic AU005609
Made with FlippingBook - professional solution for displaying marketing and sales documents online