Steamboat Drive Business Trust Sells Building Under Representation of Roddy Inc.
Roddy Inc., Industrial and Commercial real estate brokers headquartered in Bensalem, Bucks County, PA, represented Steamboat Drive Business Trust in the sale of 106 Steamboat Drive, John Fitch Industrial Park, Warminster, Bucks County, PA. The property consists of five (5) acres on which is located a modern one-story building of 39,578 square feet of which 5,537 square feet is office area. The facility offers 14' clear heights, five (5) tailgate docks, three (3) drive-in doors, heavy-duty electrical service, extensive paved and fenced parking, and outside storage area. The property was purchased by the Wolf Family Trust for $1,500,000.
The Wolf Family Trust will lease the property to Grove Supply, Inc. and A/S Custom Furniture Company.
Grove Supply, Inc. was founded in 1948 in Willow Grove, Pennsylvania and is one of the areas largest wholesale distributor of heating, plumbing and air-conditioning suppliers to the industrial and institutional markets. They have locations throughout Philadelphia, Bucks County, Montgomery County, and Southern New Jersey. The company has gained a reputation for having the experience and ability to supply materials at an exceptionally high service level combined with competitive pricing.
A/S Custom Furniture Company, who has occupied the property since 1998, will remain as a tenant in a portion of the property. A/S was started in 1989 and began with the manufacturing of tables, desks, credenzas, bookcases and ergonomic furniture. In addition to expanding the breadth of these initial offerings, A/S also developed a modular alternative to millwork and greatly expanded their custom capabilities to include reception stations, nurse's stations, conference rooms, case goods and work surfaces. Unlike most of their industry competitors, A/S is not restricted to producing the styles and sizes shown in its catalogue or price book, but specializes in offering custom furniture solutions for specific situations.
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 http://www.roddyinc.com
For further details, contact Frank Roddy at (215) 245-2600 or FAX (215) 245-2670.