Grapevine, TX-based GameStop acquired Electronics Boutique, the former parent of EB Games, in May 2005 and put both EB Games facilities up for sale. Prior to closing on the portfolio, BPG obtained a full-building lease for the Sadsbury facility from Communication Design Testing Inc., which relocated from a property it occupied here.
The Matlack property was vacant at the time of Anro's acquisition. It is located on 13 acres adjacent to Route 202 and consists of 55,000 sf of office space and 87,000 sf of warehouse space, including a 3,500-sf cafeteria and 2,500-sf data center. According to public records, the property traded for $12.2 million.
Steve Italiano, SVP, and Tom Bailey of CB Richard Ellis represented BPG, working with Stephen Spaeder, SVP, and Jonathan King, asset manager of BPG, respectively. Sam Pilotti of Paoli-based Metric Realty represented Anro. Italiano tells GlobeSt.com the building "was on the market for leasing, and there was a lot of interest, but a user/buyer came along, prompting BPG to sell."
Anro, which had its beginnings in the home of Rose and Angelo Rossi in the 1950s, is now among the largest commercial printers in Philadelphia and the surrounding suburbs. It acquired its current 90,000-sf headquarters in Devon in 1971 and soon expanded to additional locations in nearby communities.
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.
