BENSALEM, PA—An affiliate of Radnor, PA-based Endurance Real Estate Group is acquiring 450 Winks Lane, a 430,373 square-foot warehouse/distribution building in Bensalem, PA, from Ivy Realty for $23.7 million.
The property is 97.4% leased to three tenants, National Refrigeration, Rolled Metal Products and Brenner Aerostructures, all of which have extended their leases in the past.
The seller was represented by Cushman & Wakefield's team of Gerry Blinebury and Jonas Skovdal, along with Gary Gabriel and Kyle Schmidt of the firm's East Rutherford, NJ-based Capital Markets team.
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