Genesis Investment Properties Purchases the Former Airgas Building in Keystone Park, Bristol, Bucks County, PA
Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm, announced that it represented 41 Grand Avenue, L.L.C. in the sale of 128 Wharton Road, Keystone Park, Bristol Twp, Bucks County, PA to Genesis Investment Properties, LLC who were represented in the transaction by Steve Tolkach and Eustace Wolfington of Newmark Grubb Knight Frank.
The building is fully heated and sprinklered, offers six tailgate doors, one drive-in door, clear heights of 27’5sloping to 26’9 under bar joist, 500 KVA, 13,200 volt primary electric service and approximately 20,704 sq. ft. of two-story offices.
Frank Roddy, President of Roddy Inc. who handled the transaction of behalf of the seller, advised that the 67,966 sq. ft. facility situated on 5.12 acres was sold to Genesis Investment Properties, LLC for $3,190,000.
Genesis Investment Properties, LLC is a real estate investment, management and development company based in Hamilton, NJ which manages a nationwide portfolio of properties valued at over $100MM. Genesis’s property portfolio consists of over 750,000 sq. ft. of office, retail, and research space.
Headquartered in Bensalem, Bucks County, PA, Roddy, Inc. is a marketer, manager and developer of industrial and commercial real estate throughout Eastern Pennsylvania and Southern New Jersey. Their clients include regional, national and international companies and financial institutions. For more information about the company, please visit their corporate website at www.roddyinc.com.
For further details, contact Frank Roddy (215) 245-2600, FAX (215) 245-2670.
Sourcing Network International, LLC has elected to renew their lease at 2525 State Road, Bensalem, PA
Sourcing Network International, LLC sources, produces and distributes items such as handbags, watches, jewelry, ties, scarves and wallets to more than 3,000 retail outlets at airports, casinos, cruise ships, museums, hotels and other tourist destinations. The company is the innovator of the popular "Everything’s $10" retail concept. The company also supplies a variety of upscale products to its Luxury for Less stores and owns the Clöudz brand of travel pillows and accessories and Museum Artifacts’ line of silk ties, scarves and watches.
The 47,000 square foot modern one story building is situated on 2.20 acres and features six tailgate loading doors, one drive-in door, ceiling heights of 22’0 sloping to 21’6 clear, and parking for approximately 114 automobiles.
Robert Olender of Roddy Inc. who brokered the transaction advised that the long-term lease calls for an aggregate rental in excess of $1,000,000.
Headquartered in Bensalem Township, Bucks County, Pennsylvania, Roddy Inc. is a marketer, manager and developer of industrial and commercial real estate throughout eastern Pennsylvania and southern New Jersey. Their clients include regional, national and international companies and financial institutions. For more information about the company, visit the corporate website www.roddyinc.com.
For further details, contact Robert Olender at (215) 245-2600 or rolender@roddyinc.com.
Space Leased at The Commons at Franklin Center
The Commons at Franklin Center in Warminster have two new tenants. Senior Care Centers of Pennsylvania signed a long term lease for 4,993 square foot in Building #13 and LCP Restore +, LLC leased 2,062 square foot in Building #8.
Franklin Realty Development Corporation is a full-service commercial developer/owner of mid-rise suburban office and flex buildings in southeastern Pennsylvania. Headquartered in Blue Bell, Pennsylvania, Franklin Development was founded in 1984 and has developed more than 2 million square feet of office and flex space on 550 acres in Berks, Bucks, Chester, Lehigh, Montgomery, and Northampton Counties. The present aggregate value of Franklin projects exceeds $120 million.
For Information, please contact: info@franklinrealtydev.com
P.O. Box 1487, Blue Bell, PA 19422, 215-628-2200,
Fax: 215-283-9970
