Real Estate Journal — Southeastern PA — October 12 - 25, 2018 — 7C
www.marejournal.com
M id A tlantic
S outheastern PA
Durkin represents 140 Wharton, LP in $3,130,000 transaction Roddy Inc. represents Keystone Industrial Properties in leasing 60,720 s/f in Bensalem
B
diked high hazard chemical containment area with foam fire suppression system. Sean Durkin who repre- sented 140 Wharton, LP in the transaction advised that Cardolite Corporation paid $3,130,000 for the property. Cardolite Corporation is a privately held developer and manufacturer of the world’s largest variety of products derived from cashew nutshell liquid (CNSL), a renewable natural resource and has 30 years of experience in the spe- cialized production of quality CNSL based materials.
ENSALEM, PA —Betz Mechanical & Industrial Supply leases 60,720 s/f of an 85,000 s/f facility located at l00 State Rd., Bensalem. Roddy Inc. announced that it represented Keystone In- dustrial Properties in leasing approx. 60,720 s/f of its 85,000 s/f multi-tenant facility on 4.15 acres located at 500 State Road, Bensalem. The modern one - s t ory masonry and steel building is heated and sprinklered throughout and offers ceiling heights from 24’0” to 24’9” clear, twelve (12) tailgate docks, five (5) drive-in doors, 42’ x 30’ column spacing, ap- proximately 8,600 square feet of office space and parking for approximately sixty-two (62) automobiles. Roddy advised that the term lease calls for an aggregate rental in excess of $1,465,000. Strategically situated be- tween the Academy Road and Woodhaven Road Interchange of I-95, the property offers convenient access to the Penn- sylvania Turnpike (Exit 351/ Bensalem) as well as Route 1 and the Betsy Ross Bridge and Tacony–Palmyra Bridge to New Jersey. Frank Roddy , president of Roddy Inc. who represented the ownership in the transac- tion, advised that Roddy Inc. will continue to market the remaining 24,000 s/f of space in the property for lease as well as continuing to offer the property for sale in its entirety under and subject to the Betz Mechanical & Industrial Sup- ply Lease. In addition, a por- tion of the site is also leased to Omnipoint for the location of a cell tower. Roddy announced that it represented 140 Wharton, LP in the sale of their manu- facturing/warehouse facility located at 140 Wharton Rd., Keystone Park, Bristol to TOK Investment Properties, LLC, an entity related to Cardolite Corporation. The site consists of 3.12 acres on which is located a one-story heated and sprin- klered facility consisting of approx. 32,280 s/f. The build- ing offers four tailgate loading docks, one drive-in door, ceil- ing heights of 18’8” sloping to 18’2” clear to underside of bar joist, 800 amp 120/208 volt 3 phase 4 wire electric service, approx. 8,176 s/f of offices and an approximate 8,000 s/f
l00 State Rd.
Your success is our highest priority.
Hotel
Multifamily
Education
Commercial
Office/Industrial
Fulton Financial Lancaster, PA
Marriott at Penn Square Lancaster, PA
Madison Ellis Preserve Newtown Square, PA
Messiah College Mechanicsburg, PA
Oaks Shopping Center Norristown, PA
SpringHill Suites Center Valley, PA
Landis Homes Lititz, PA
Elizabethtown College Elizabethtown, PA
The Crossings at Conestoga Creek Lancaster, PA
Post & Schell Harrisburg, PA
Commercial/Industrial
Multifamily/Apartments
Institutions
Hospitality
Mixed Use
Turkey Hill Dairy Conestoga, PA
Fairfield Inn Harrisburg, PA
The Crossings at Conestoga Creek Lancaster, PA
PA College of Health Sciences Lancaster, PA
Johnson Development King of Prussia, PA
www.highconstruction.com SERVING THE MID-ATLANTIC REGION
1853William PennWay, Lancaster, PA 17601 • (717) 291-2276
Made with FlippingBook - Online magazine maker