Roddy Inc. Industrial & Commercial Realtors

Roddy Inc. Industrial and Commercial Real Estate Brokers headquartered in Bensalem, Bucks County, PA, represented Schutte & Koerting in the purchase of 2510 Metropolitan Drive, Trevose, PA. The property consists of 4.53 acres on which is located a modern one and part two story building of 40,000 square feet of which 18,000 square feet is office area. The facility offers twenty (20) foot clear heights, four (4) tailgate docks, and is 100% heated and sprinklered. The property was purchased from FR Bucks Property, LP. An entity of First Industrial Realty Trust for $2,200,000.00.

Frank Roddy President of Roddy Inc. who handled the transaction advised that he also coordinated the financing of the project which financing was provided by Wilmington Trust of Pennsylvania in cooperation with the Bucks County Economic Development Cooperation and the Pennsylvania Industrial Development Authority.

Schutte & Koerting is a leading designer and manufacturer of equipment for the process and power industries for over 120 years. They serve the chemical, petroleum, food, aerospace, water and wastewater industries among others.

First Industrial Realty Trust, Inc. is the nation's largest provider of diversified industrial real estate. They lease, develop, redevelop, buy, sell, and manage industrial facilities in the nation's top 25 industrial markets.

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.