Roddy Inc. Industrial & Commercial Realtors

Roddy Inc., the Bensalem based industrial and commercial real estate brokerage firm, represented The Parisi Family, L.P. in the sale of 3031 Red Lion Road, Philadelphia Industrial Park, Philadelphia, PA to HBP Properties (“HBP”). The 7.51 acre site contains a modern one story building of 91,828 square feet and offers 18' clear ceiling heights, seven (7) tailgate docks, one (1) drive-in doors, heated and sprinklered throughout and 7,000 square feet of offices. Sant Properties paid $2,700,000.00 for the property. Hardeep Chawla, Principal of HBP and its related company Sant Properties, advised that this is the eighteenth (18th) property acquired by HBP/Sant Properties bringing its total holdings in Northeast Philadelphia to 1,200,000 square feet. Chawla further advised that he has engaged Roddy Inc. as Exclusive Agent to market the property for lease or sale and that the property is in first class condition after having renovated by Sant Properties and is available for immediate possession. Frank Roddy, President of Roddy Inc. advised that the property is ideal for most manufacturing or distribution type operations and that the building lends itself to be subdivided. Roddy further indicated that in view of the fact that Sant Properties own an adjacent property, there is five acres of surplus land available for expansion of the subject property as well as for the development of a free standing facility on a build-to-suit sale or lease basis.

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.