Roddy Inc. Industrial & Commercial Realtors

Roddy Inc., the Bensalem based industrial and commercial real estate brokerage firm representing Lionel M. Flickstein, sold the 109,720 square foot building located on 6.15 acres at 1600 John Tipton Boulevard, Pennsauken Industrial Park, Pennsauken, New Jersey to LiDestri Properties, LLC an entity closely affiliated with LiDestri Foods, Inc. for $4,200,000.00.

The 109,720 square foot building on 6.15 acres has rail accessibility and is heated, air-conditioned and sprinklered throughout. The building offers ceiling heights ranging from 23'6” to 24', tailgate and drive-in loading, extensive parking and 10,702 square feet of offices.

The property is strategically located off Route 130 at the foot of the Betsy Ross Bridge and offers easy access to Route 73, Route 70, Route 38, Interstate 295, Interstate 95 and the Ben Franklin Bridge.

LiDestri Foods, Inc. is the premier manufacturer of sauces, dips and salsas in the nation with manufacturing locations on both the east coast and the west coast. LiDestri Foods, Inc. intends to expand their manufacturing and distribution presence currently located at 1550 John Tipton Boulevard in Pennsauken, New Jersey.

Frank Roddy, president of Roddy Inc. who was the broker handling the transaction, advised that this is the third of five properties to be sold that Roddy is marketing for Lionel M. Flickstein. Roddy advised that the remaining properties consist of a 127,000 square foot industrial building located at 1500 Melrose Highway in Pennsauken and one industrial building lot located in the Veterans Industrial Park in Pennsauken offering 1.9 acres that is under Agreement pending Closing.

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.