44C — March 27 - April 9, 2020 — The Best of 2019 — M id A tlantic Real Estate Journal


The BEST AUCTION of 2019 Max Spann Real Estate & Auction Co. Former Budd Plant Philadelphia, PA

Max Spann sold the sprawling Budd Company site in the Tioga/East Falls section of Philadelphia where thousands of factory workers once produced parts for planes, trains and auto- mobiles was successfully auctioned off for $6,500,000. The buildings were constructed from 1917 to 1988 and include a mix of industrial, distribution and warehouse with high ceilings and rail and tractor trailer access. In addition to parts for cars, trains and planes, Budd built complete passenger rail cars, missile and space vehicles and various defense products at the factory. “I am very happy that the Budd factory site will finally be redeveloped and wish the best of luck to the new owners,” said Dean Cafiero, the previous owner of the site. “I was very im - pressed with the expertise provided by the Max Spann Auction Company in marketing the properties, organizing the bidding process and helping me select the most qualified candidate. I have dealt with several other brokers with respect to these properties, and I must say that nobody had the competence, energy, insight and industry connections that Max Spann and their marketing partners at Colliers provided.” “We received bids for all types of uses, from warehouse to industrial and mixed use with a retail and residential component.” said Bob Dann, Chief Operation Officer for Max Spann Real Estate &Auction Co. “This along with the recent Federal Opportunity Zone designation attracted bidders from far and wide. Affiliates of the Plymouth Group from New York won the bidding and they look like the perfect developer.” The Plymouth Group, founded in 2003, is a Real Estate Development firm specializing in value add, mixed-use opportunities in the Tri-State area and selected markets nationally. Its outside the box approach enables it to create value by capturing opportunity that others often overlook. “We are excited about the opportunity to invest in what was once the heart of this bustling community. The former Budd property provides a large canvas for an adaptive reuse project that can once again serve as an anchor in the neighborhood.” said Michael Davis, principal of Plymouth Group. “We have received dozens of calls from prospective tenants wanting to be a part of the mixed-use redevelopment and will be announcing plans soon.”



Development Opportunity of 10 One-Acre Lots Mon, Apr 20, 2020 30 Overhill Road Coatesville, Chester County, PA 19320 Minimum Bid $200,000

5.99+/- Acres Possible Sub-division & Country Home Ready for Renovation on 1.95+/- Acre Mon, Apr 20, 2020 South County Line Road Souderton, Franconia Township, PA 18965 Minimum Bids from $75,000 Oceanfront Family Retreat – 16 Bedrooms – 19 Bathrooms Sun, Apr 26, 2020 4900 Boardwalk, Ventnor, NJ Previously Asking $4.99M - Minimum Bid $2.25M

7.52+/-Acre Private Wooded Residential Site Mon, Apr 20, 2020 Manor Road, Lafayette Hill, Whitemarsh Townships, PA 19444 Minimum Bid $300,000

2.19+/-Acre Commercial Lot On Route 115 Near the Pocono Raceway Mon, Apr 20, 2020 Route115, Blakeslee, Tuckhannock Township, PA 18610 Minimum Bid $10,000 The Laurelton School–Ready for Redevelopment in Brick NJ By Order of the Brick Township Board of Education Coming Soon-Spring 2020

Nine Lots Throughout Knowlton Township NJ By Order of the Township of Knowlton, NJ Coming Soon

Government Surplus Real Estate by Order of the Township of Toms River NJ Coming Soon-Spring 2020

Two Residential Development Sites & Former School in Galloway NJ By Order of the Galloway Board of Education Coming Soon-Spring 2020


Made with FlippingBook Annual report