Roddy Inc. Represents Public School Employees' Retirement System's Sale
Roddy Inc., the Bensalem based Industrial and Commercial Real Estate Brokerage firm representing Public School Employees' Retirement System sold the two (2) industrial buildings (249 and 259 Canal Road) in the Penn Warner Industrial Park, Falls Township, Bucks County, PA to 249 Canal Road, LP and 259 Canal Road, LP, for $2,550,000.00. 249 Canal Road consists of 56,086 square feet on 4.094 acres. The building is heated and sprinklered throughout, offers 20'8” – 28' clear ceilings, eight (8) tailgate loading docks, one (1) drive-in door, three (3) car rail siding and 1,450 square feet of offices. 259 Canal Road consists of 60,000 square feet on 4.001 acres. The building is heated and sprinklered throughout, offers 27'4” – 28' clear ceilings, eight (8) tailgate loading docks, four (4) car rail siding and 3,000 square feet of offices.
The properties are strategically located within minutes of Exit 358 (Delaware Valley Interchange) of the Pennsylvania Turnpike and Exit 6A of the New Jersey Turnpike, U.S. Route 1, I-95 and Route 13. Travel time to Center City Philadelphia is approximately forty minutes and New York City is approximately ninety minutes.
Francis T. Roddy, President of Roddy, Inc., who handled both transactions advised that the 259 Canal Road property has been leased to Foamex International, Inc. for a term of years. Foamex is the leading producer in the world of comfort cushioning for bedding, furniture, carpet cushion and automotive markets as well as technical foams for diverse applications in industrial, consumer, electronics and transportation industries.
Further, Roddy advised that it was appointed exclusive agents to market for lease or sale the 249 Canal Road Property.
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 Francis T. Roddy at (215) 245-2600 or FAX (215) 245-2670.