S hopping C enters P ennsylvania F eaturing S outheastern PA

M id A tlantic Real Estate Journal — Pennsylvania — April 22 - May 19, 2022 — 15B


Purchaser Brickman builds strong area presence & connectivity between assets Colliers brokers sale of two contiguous industrial buildings in Northeast Philadelphia


in doors, has mostly 16’ clear height, and offers the ability for cars and trucks to circum-

HILADELPHIA, PA — The Colliers team of Richard Gorodesky,

navigate the entire build- ing. 1771 Tom- l i n s o n Rd . c ons i s t s o f 207,500 +/ - s/ f situated on 15.25 +/- a c r e s . The building was

S IOR a n d Adam Goro- de sky an - nounced the sale of two Philadelphia industrial fa- cilities in an o f f -ma r k e t transaction. 1 1 5 0 0

Richard Gorodesky

Adam Gorodesky

also constructed in 1965, and was once home to Fisher Auto Parts, a distributor of commer- cial truck parts. In a transac- tion also brokered by Colliers, the Wolf Investment Corp. pur- chased this property in 1998. Acquiring it as a multi-tenant property, the Wolf’s further divided the tenant spaces and increased occupancy to 100 % with 19 distinct tenants. The buyer was an investment group, initiated and led by Greenwich CT-based Brick- man , who is also a partner in the group which had recently purchased 11200 Roosevelt

Roosevelt Blvd., consisting of 298,627 +/- s/f situated on 12.88+/- acres, was originally constructed in 1965, with sev- eral additions being added in the subsequent years. It was purchased by Wolf Investment Corp. in 1999, and was mostly vacant at that time, in a trans- action also arranged by Col- liers. Undergoing numerous im- provements over the succeeding years, the property ultimately achieved 100% occupancy with 17 different tenants. Zoned I-2 Medium Industrial, this multi- tenant building features 23 tailgate loading docks, 6 drive-

1771 Tomlinson and 11500 Roosevelt were not previously available between them. The 1771 Tomlinson and 11500 Roosevelt acquisitions bring the total space under Brickman control to 960,480 s/f on 54.43 acres in North- east Philadelphia.

Blvd, a 454,353 s/f multi-tenant mostly industrial property situated on 26.3 acres, which is partly contiguous to each of the aforementioned properties. By joining these three industrial properties together, they will enjoy access synergies that

The new owner plans to continue improving the build- ings, and operating them as multi-tenant industrial facilities, ultimately with improved access and circula- tion fromRoosevelt Blvd. and Tomlinson Rd. MAREJ

Roddy Inc. leases 135,000 s/f to Dynamic Metals, Inc. at 20 Steel Rd. South, New Ford Mill Road Industrial Park

galvanized steel tube and pipe and the slitting and sheeting of steel and aluminum coils. PennFab, Inc. is an AISC and AWS certified fabricator and a major supplier to the Railroad and Transportation Industries providing signal bridges, catenary structures, foundations, track material, signal supports, walkways, cable trays, wire ways, hand- rails, anti-fall equipment, safety railing, ballast retain- ers, bridge beams, tie bars, bridge bearings, girders and more. Other industries in- clude, material handling, highway and bridges, heat treating, and furnaces, part washers, pollution control, flight and training simulators, water treatment, heat recov- ery and simulation chambers, stairs, mezzanines, equipment skids and numerous OEM organizations. MAREJ

MORRISVILLE, PA — Roddy Inc. , the Bensalem, PA industrial and commer-

cial real es- tate broker- age firm an- nounced that it represent- ed Dynamic Metals in the leasing of a 135,000 s/ f portion of the

Frank Roddy

230,000 s/f dual-tenant facil- ity located on 13.75 acres at 20 Steel Road South, New Ford Mill Road Industrial Park, Morrisville, Bucks County. The facility is presently divided into two units—one of 135,000 s/f, which will be occupied by Dynamic Metals, Inc., and one of 95,000 s/f, which is occupied by Pen- nFab, Inc. The facility offers 11 remote operated cranes ranging in capacity from 10-

20 Steel Road South

30 tons, three covered tailgate loading docks, ten 10 drivein doors providing three drive- thru bays front to rear, 46’0” sloping to 39’0” clear height under steel purlins, a rail spur running 360’ through the building from front to rear serviced by CSX and Norfolk Southern, 34.5 KV/2500 KVA

primary electric service and 14,835 s/f of offices. The prop- erty is located within 2 miles of the deep water port facility located within Keystone In- dustrial Port Complex. Strategically situated in New Ford Mill Rd Industrial Park, the property provides access to Rte. 13, Rte. 1, I-95,

I-295, the PA Tpke. (I-276) and the NJ Tpke. (I-95) as well as bridges to New Jersey. Frank Roddy , president of Roddy Inc. who represented Dynamic Metals, advised that the long-term lease calls for an aggregate rental of $8 million. Dynamic Metals Inc. is in the business of fabricating

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