S hopping C enters P ennsylvania
M id A tlantic Real Estate Journal — Pennsylvania — October 2023 — 13B
www.marej.com
Allredi, LLC renews 35,000 s/f lease at 2100 Frost Rd., Keystone Park, Bristol Roddy Inc. brokers transactions totaling 57,000 s/f in Bucks County, PA B
UCKS COUNTY, PA — Roddy Inc. , the Bensalem industrial and commercial real estate brokerage firm, recently completed the following trans- actions in Bucks County: Roddy represented Allredi, LLC in the renewal of their 35,000 s/f lease at 2100 Frost Rd., Keystone Park, Bristol. Allredi was formed in early 2020 when two of the largest distributors in the blasting, coating, safety, and envi - ronmental industry, APE Companies and Marco Group International, joined forces. Headquartered in Pasadena, Texas, Allredi is a full-line fire/water restoration, surface prep, and contractor supply distributor that serves markets in Dallas, Houston, Philadel - phia, New York City, Louisi - ana, and Alabama. Allredi’s product offering had been focused on personal protective equipment, surface prep equip- ment and supplies, indoor air quality, environmental reme - YORK, PA — ROCK Commercial Real Estate , a prominent leader in South Central Pennsylvania, recent - ly facilitated two significant transactions in the region. In the first transaction, Goose Island Properties, LLC, suc - cessfully sold a fully air-condi- tioned, 41,288 s/f industrial fa - cility located at 3495 Industrial Dr. in York to The Giambalvo Family Limited Partnership for $3,300,000. This versatile property, previously used for the manufacturing of robotic packaging machinery, pres- ents ample opportunities for upgrades and expansion. John Giambalvo of The Giam - balvo Family Limited Partner - ship expressed his enthusiasm, stating, "The size and existing structure allow for an upgrade and expansion of our new col- lision center. The location is prime, just seconds from Route 30 and minutes from the other Jack Giambalvo dealerships." Representing the buyer were ROCK Commercial
2100 Frost Rd., Keystone Park
diation, fire/water restoration, and lead/asbestos abatement. Over time, product lines expanded to include safety equipment, environmental re - mediation products, corrosion control supplies, and waterjet cutting equipment, media, and products. The renewal calls for an aggregate rental in excess of $2.9 million. In a second transaction, Roddy represented Wellis USA, Inc. in leasing 22,000 s/f of warehouse space located at 181
Wheeler Court, Bucks County Business Park, Langhorne. The 100,055 s/f. multi-tenant facility situated on 7.4 acres, which is owned by AIREF Wheeler IC LLC, an affiliate of Ares Industrial Real Es- tate Fund, who were repre- sented by Andrew McGhee of Colliers International in negotiations, offers Wellis 24’0” clear ceiling heights, 2 tailgate loading docks, offices, sprinkler system, and automobile and trailer parking.
Strategically situated in the Bucks County Business Park at the Maple Avenue Exit of Route 1, the property offers immediate access to Interstate 95, the Pennsylvania Turnpike (Interstate 276) and the New Jersey Turnpike (Interstate 95) as well as bridges to New Jer - sey. In addition, the property is within thirty minutes of Center City Philadelphia and is acces - sible via public transportation. Frank Roddy , president of Roddy Inc. who represented
Wellis, advised that the term lease calls for an aggregate rental in excess of $1,175,000. Wellis, founded in 2003 and headquartered in Hungary, is Europe’s leading spa manufac - turer and has recently entered the US market. Wellis’ pre - mium quality hot tubs, swim spas, and associated covers and accessories are known world- wide. Wellis attributes its focus on quality and innovation as its key success factors within the industry. MAREJ
ROCK facilitates two major transactions in South Central PA
3495 Industrial Dr.
1349-1355 South George St.
In a separate transaction, ROCK Commercial announced that Cockeysville, MD-based Hunt Valley EuroCar expanded its presence by acquiring a second location at 1349-1355 South George St. in York. The newly acquired property, known as York EuroCar, is a 5,200 s/f commercial building purchased for $643,000. York EuroCar specializes in provid - ing high-end European automo - bile car service, maintenance,
and repair using highly skilled factory-trained technicians and the latest automotive diagnostic equipment. Brendan O'Rourke, presi - dent of York EuroCar, com - mented on the expansion, saying, "We saw an oppor - tunity to offer customized service for European cars in the growing York market." Kevin Hodge, CCIM , brokerage advisor at ROCK Commercial Real Estate,
represented York EuroCar in this strategic acquisi- tion. Hodge emphasized the importance of finding a building adaptable for au- tomotive repair and located in proximity to their target customer demographic. These transactions under- score ROCK Commercial Real Estate's commitment to fa - cilitating successful real estate deals and supporting business- es in South Central PA. MAREJ
Real Estate advisors, David Bode, CCIM, SIOR, and Nate Resh , while Jason Turnbull, CCIM, and Da- mian Reed , also of ROCK Commercial, represented the seller. Nate Resh emphasized the advantages of existing improvements on the prop - erty, noting that they can streamline the acquisition process for buyers and con- tractors by avoiding lengthy land development timelines.
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