Locally-based Binswanger/CBB negotiated the sale, which was handled with Frank J. Cullen, president of Bucks County, PA-based Realty Group East. Donaldson is a supplier of filtration products. It has operations in 19 countries worldwide and has experienced double-digit sales increases every year for the past 10 years.
The selling price is undisclosed, but a Bucks County broker, who asked to remain anonymous, estimates the sale price at approximately $500,000. The average asking rental rate for flex space in lower Bucks County is about $5 per sf, according to GlobeSt.com research.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
