Partners His Hi and Dolores Lin pay owner 816 Nina Way LP just over $1.3 million, for the 28,800-sf building in the Street Road center. They nearly triple the space for their design/manufacturing center, now located in a 10,500-sf facility. The Philadelphia office of Colliers L&A negotiated the transaction.
Colliers also negotiated the sale of a 22,365-sf industrial property on one acre in the Bridgewater Industrial Park in nearby Bensalem, PA. The seller is Charles L. Biggs. The Ralph W. Murphy and John B. Hamblin Partnership pays $759,000 for the building. The partnership manufactures dust collectors and will relocate its production operations to the new facility, increasing its manufacturing staff by approximately 15 people. The building has 20-foot clear ceilings, two drive-in doors, and two tailgates.
Continue Reading for Free
Register and gain access to:
- 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
© 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.