Roddy Inc. Represents 450 Winks Lane Associates in Leasing to Rolled Metal Pdcts
Roddy Inc. the Bensalem based Industrial And Commercial Real Estate Brokerage firm announced they represented 450 Winks Lane Associates, LP, a partnership between Sant Properties and Industrial Realty Group, LLC, (IRG) in leasing a 41,071 square foot section of 450 Winks Lane, Bensalem, PA, to Rolled Metal Products, a division of Spectrum Metals, Inc.
The facility features tailgate and drive-in loading, bridge cranes with capacities up to 40 tons, and clear heights of 35'9” under hook. The long-term lease calls for an aggregate rental in excess of $1,800,000.00.
Sant Properties is a Philadelphia based real estate investment/development firm which specializes in developing under-utilized and vacant industrial and commercial properties. Sant Properties' current portfolio of properties is in excess of 2,000,000 square feet.
IRG, a Los Angeles-based company, owns and operates more than 60 major developments in 25 states and is recognized as a leading force behind the adaptive reuse of closed buildings and facilities throughout the nation. IRG is a leader in the conversion and privatization of federal properties, including closed military bases.
Rolled Metal Products is a processing distributor of stainless steel, aluminum, and cold rolled strip coil. The company offers raw materials from a worldwide group of manufacturers capable of meeting the increasingly difficult quality of today's standards.
Robert Olender of Roddy, Inc. advised the facility is a natural fit to accommodate Rolled Metal Product's expansion as there are a limited quantity of quality facilities that offer the clear heights and crane capacities available at 450 Winks Lane, which are required for Rolled Metal Products' operation. Rolled Metal Products' lease brings the 484,900 square foot facility to 100% occupancy. Other tenants in the building include Charming Shoppes, United Refrigeration, Inc., B-Tec Solutions, Inc. and Metal Improvement Company, Inc. a division of Curtis Wright.
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.