PSI Group, Inc., a Pitney Bowes company, Leases 114,493 Square Feet of a 214,320 Square Foot Facility Located at 2994-2996 Samuel Drive, Delaware Expressway Industrial Park, Bensalem, Bucks County, PA
Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm, announced that it represented BlackRock, Inc. in leasing 114,493 square feet of the 214,320 square foot modern one (1) story masonry and steel facility, situated on approximately 10.06 acres located at 2994-2996 Samuel Drive, Delaware Expressway Industrial Park, Bensalem, Bucks County, PA to PSI Group, Inc., a wholly-owned subsidiary of Pitney Bowes.
The building is heated and sprinklered throughout, offers 28’ sloping to 25’6”clear heights, sixteen (16) tailgate doors, 40’x 57’ column spacing, 2,698 square feet of office space and parking for eighty-six (86) automobiles.
The facility is superbly 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.
PSI was represented by The Flynn Company and Cushman Wakefield in the transaction and is the leading outsource provider of mail presort services for First-Class and Standard Class automated mail in the US. They are a trusted work-share partner of the United States Postal Service, processing more than 11 billion pieces of mail annually.
BlackRock is one of the world’s largest publicly traded investment management firms. As of September 30, 2008, assets under management were $1.259 trillion. The firm manages assets on behalf of institutions and individuals worldwide through a variety of equity, fixed income, cash management and alternative investments products. Headquartered in New York City, the firm has approximately 5,000 employees in 18 countries and a major presence in key global markets, including the U.S., Europe, Asia, Australia and the Middle East.
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.