Property diagram showing location of the 14.63-acre tract.
MORRISVILLE, PA—Roddy Inc., a Bensalem, PA-based industrial and commercial real estate brokerage firm, brokered the sale of a 14.63-acre land parcel located at the corner of Progress Drive & Steel Road South, New Ford Mill Rd Industrial Park, Morrisville, Bucks County, PA.
Frank Roddy, president of Roddy, who handled the sale, says Manhasset Bay Associates, a New York-based private equity property group, sold the tract for $2.195 million.
The land is presently divided into two parcels—one of 7.53 acres and one of 7.1 acres. The properties, which are zoned for heavy industrial use, are located within two miles of the deepwater port facility in the Keystone Industrial Port Complex.
The property provides access to Route 13, Route 1, I-95, I-295, the PA Turnpike (I-276) and the NJ Turnpike (I-95) as well as bridges to New Jersey.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
