World’s Largest Cardanol Producer Acquires Bristol Facility for $3,130,000
Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm, recently announced that it represented 140 Wharton, LP in the sale of their manufacturing/warehouse facility located at 140 Wharton Road, Keystone Park, Bristol, Bucks County, PA 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 sprinklered facility consisting of approx. 32,280 sq. ft. The building offers four (4) tailgate loading docks, one (1) drive-in door, ceiling 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 sq. ft. of offices and an approximate 8,000 sq. ft. diked high hazard chemical containment area with foam fire suppression system.
Sean Durkin who represented 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 specialized production of quality CNSL based materials.
BCEDC, a Commonwealth of Pennsylvania’s Certified Economic Development Agency, facilitated a loan for Cardolite Corporation to purchase the building. They were approved to borrow 1.25 million dollars and will be creating 25 jobs.
Superbly located in Keystone Park, one of Bucks County’s premier business parks, at the Route 413 exit of Interstate 95, the property offers convenient access to the Pennsylvania Turnpike (Exit 351 Bensalem and Exit 358 Delaware Valley), only minutes away, as well as the New Jersey Turnpike. Route 295 and New Jersey are quickly accessed via the Burlington Bristol and Betsy Ross Bridges as well.
Bucks County Lease Activity August - September 2018
Information provided by Commercial Real Estate Assoc., The Flynn Co., Nappen & Assoc. and Roddy, Inc.
|BENSALEM SQ FT
Grand Total: 170,602
CHALFONT SQ FT
Grand Total: 44,160
|LANGHORNE SQ FT
Grand Total: 17,087
WARMINSTER SQ FT
Grand Total: 69,545