Roddy Inc. Sells 3366 Marshall Lane, Expressway 95 Industrial Park, Bensalem, Bucks County, PA
Roddy Inc., the Bensalem based Industrial and Commercial Real Estate Brokerage firm representing 3366 Marshall Lane Associates, LLC, sold 3366 Marshall Lane which is located in the Expressway 95 Industrial Park, Bensalem Township, Bucks County, PA to SigmaPharm Laboratories, LLC for $3,150,000.00.
The modern one-story 70,227 square foot building is situated on 3.6047 acres. The building is heated and sprinklered throughout, offers 20'– 29' clear ceilings, eight (8) tailgate loading docks, one (1) drive in door; and 1,900 square feet of offices. The property is strategically located at the Street Road (Route 132) Interchange of I-95 and is within twenty (20) minutes of Center City Philadelphia and a five (5) minute drive to Exit 351 (Philadelphia Interchange) of the Pennsylvania Turnpike.
Robert Olender of Roddy Inc. advised that the Buyer, SigmaPharm Laboratories, LLC is a privately held company which engages in the development of pharmaceutical products using conventional or proprietary drug delivery systems and technologies and presently control more than 20 United States and international patents. SigmaPharm Laboratories currently leases approximately 36,000 square feet within 3375 Progress Drive (a nearby property) and plans to expand into 3366 Marshall Lane.
The Seller, 3366 Marshall Lane Associates, LLC is an entity closely related to T.C. Millwork, a manufacturer of casino slot bases, millwork and store fixtures. T.C. Millwork Inc. has two other divisions; Tri-Con Construction who handles the installation of all products manufactured by T. C. Millwork Inc. and Spectrum Building Products who manufacture moldings and wainscot for hotels and corporate offices and also manufactures a line of outdoor art for golf courses, residential use and a vast array of commercial uses called Open Air Designs.
The sale of 3366 Marshall Lane completes Roddy Inc.'s assignment to market T.C. Millwork's portfolio of four buildings totaling approximately 240,000 square feet to accommodate T. C. Millwork's expansion into a single facility of 418,000 square feet.
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.