Roddy Inc., the Bensalem based industrial and commercial real estate brokerage firm represented Louis Di'Egidio in the sale of his modern, one-story, 26,700 square foot masonry and steel building which is situated on 1.53 acres and located at 1135 Cedar Avenue, Croydon Industrial Park, Croydon, Bristol Township, Bucks County, PA to ICUP Inc.
The fully heated and sprinklered building features four (4) tailgate loading docks, one (1) drive-in door, 18' clear ceilings, and 2,700 square feet of air conditioned offices. ICUP, Inc., a manufacturer of novelty clothing, barware, and party games, is relocating from New Jersey and will utilize the building as the new corporate headquarters and primary manufacturing and distribution facility.
Robert Olender of Roddy Inc. who brokered the transaction, advised that the property was sold for $1,068,000 and the project is being financed approximately ninety percent (90%) through the Pennsylvania Industrial Development Authority.
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 Robert J. Olender at (215) 245-2600 or FAX (215) 245-2670.