Roddy Inc. Industrial & Commercial Realtors

Roddy Inc., Industrial and Commercial Realtors, have sold Zeuner Enterprises, Inc. 95,360 square foot modern one (1) story office/high tech/research and development facility on approximately 10.45 acres in Newtown Business Commons, Newtown, Bucks County, PA to V-7 Group, LLC for $3,963,500.00.

The building is fully heated, air-conditioned and sprinklered throughout, offers both tailgate and drive-in loading, ceiling heights ranging from 15' – 17'9”, 22,875 square feet of office/tech area and parking for approximately 153 automobiles. The 10.45 acre site provides room for expansion of the building and parking.

V-7 Group, LLC will be leasing the building to their operating company, Teletronics Technology Corporation to be used as their new corporate headquarters facility. The move by Teletronics Technology Corporation from its current facilities in Keystone Park, Bristol, Bucks County, PA represents a 600% + expansion in the size of their facility which space is required to accommodate their explosive growth.

Teletronics Technology Corporation provides data acquisition and instrumentation products and engineering services to both small and major clients. Their primary business area is data acquisition and instrumentation used in modern, high-performance aircraft, missiles, aerospace vehicles, underwater vehicles and land vehicles. They also supply low-cost products for commercial and industrial applications.

Mansour Radmand, a member of V-7 Group, LLC and President and CEO of Teletronics Technology Corporation, advised that V-7 Group, LLC will be making extensive improvements to the property, including a complete new exterior façade, totally retrofitting the interior of the facility and expanding parking. George J. Donovan AIA & Associates were hired to complete the architectural designs for the renovations.

Mansour Radmand, President and CEO of Teletronics Technology Corporation, and Robert Olender and Frank Roddy of Roddy, Inc. advised that one of the driving forces behind Teletronics Technology Corporation's decision to locate in the Newtown Business Commons is the fact that Newtown Township welcomed them with open arms and was extraordinarily business friendly in addressing all of their needs as they evaluated the site. The extraordinary service provided by the Township was spearheaded by Robert Pellegrino, Township Manager, and Richard Weaver, Township Supervisor. Roddy stated that this was a fine example of how the public sector and private sector was able to work together for the good of the Township.

Radmand further advised that he appointed Roddy, Inc. Exclusive Agents to represent V-7 Group, LLC in the leasing and/or selling of its current facility located at 2525 Pearl Buck Road, Keystone Park, Bristol, PA. The property consists of 2.07 acres on which is located a modern one-story building of 15,750 square feet. The facility is ideally suited for office, high-tech, and research and development users. Robert Olender, a Sales Associate with Roddy, Inc. will be handling the marketing of the property.

Olender advised the property is strategically located at the Route 413 interchange of Interstate 95 with easy access to the Philadelphia interchange and the Delaware Valley interchange of the Pennsylvania Turnpike, as well as the turnpike bridge to New Jersey and the Burlington Bristol Bridge to New Jersey.

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