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Gate 1 Travel Buys 51,000-SF HQ

FORT WASHINGTON, PA-Dani Pipano, who heads the international travel company, pays $4.2 million for the office building and will relocate from Glenside.

By Marita Thomas | Updated on August 21, 2007

FORT WASHINGTON, PA-Dani Pipano, founder, owner and principal of Gate 1 Travel, has acquired the 51,000-sf office building at 455 Maryland Dr. in the Fort Washington Business Center for $4.2 million, which translates to $82.35 per sf. The travel company will relocate from its current headquarters in Glenside.

The seller is a private real estate investment partnership identified as 455 Maryland Drive Associates. Richard Smith, a principal of locally based Avir Realty Group Inc., represented the seller. Safeguard Business Forms, a unit of the Dallas-based distributor of printed materials for small business, previously occupied the single-story building, Smith says. It is located on 5.5 acres.

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