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Two West Goshen Properties Change Hands for $13.2M

WEST CHESTER, PA-Berwind Property Group picks up a 105,000-sf vacant industrial building for $7.2 million. In an unrelated transaction, an Infiniti auto dealer pays $6 million for a 32,306-sf former Mercedes-Benz location.

By Marita Thomas | Updated on September 02, 2003

WEST CHESTER, PA-In separate transactions totaling $13.2 million, an industrial building and an auto dealer’s location, both in West Goshen Twp. here, changed ownership. Philadelphia-based Berwind Property Group paid $68.57 per sf for an industrial facility at 200 Lawrence Dr., and a local Infiniti car dealership paid $185.72 per sf for the former Mercedes-Benz retail location.

Danisco, a Denmark-based food flavorings manufacturer, sold BPG the 105,000-sf industrial building it obtained in conjunction with its merger with Australia’s Goodman Fielder food manufacturer, for $7.2 million. Subsequently, BPG leased the entire previously vacant building to locally based Animus, which manufactures high-tech medical devices.

Four principals of the Philadelphia office of Cushman & Wakefield–J. Frances Mahoney, Peter Greenhalgh, Christopher Kutzler and Brian Hilger–represented Danisco in the sale. BPG handled the acquisition in house.

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