BINSWANGER ANNOUNCES THE SALE OF A PREMIER BIG-BOX RETAIL SPACE ON YORK ROAD IN HATBORO, PA
The 122,00SF facility will soon be home to Glanzmann Subaru
Binswanger Commercial Real Estate Services, an innovator in commercial real estate since 1931, today announced the sale of Jacob’s Holdings, LLC’s 122,000 sq. ft. premier big-box retail space on 18.56 acres. The property is located at 1001 South York Road in Hatboro, Pennsylvania. The deal was brokered by Chris Pennington, Senior Vice President & Partner in Binswanger’s Philadelphia office.
The property was purchased by Glanzmann Subaru on May 16, 2019. Glanzmann Subaru plans to use the building as their headquarters and auto dealership. They will relocate from Jenkintown, Pennsylvania to the new Hatboro facility.
“This is exciting news for the Hatboro, Pennsylvania economy,” said Binswanger’s Chris Pennington. “Glanzmann Subaru expects to employ 150 individuals at the 1001 South York Road location, so this is not just a win for Glanzmann, but a win for the people of Hatboro and for Montgomery County.”
The facility is served by SEPTA Bus Route 22 (Willow Grove–Olney), which stops adjacent to the property. There is also easy access to the Pennsylvania Turnpike (Interstate 276), PA Route 611 (Easton Road), PA Route 309 (Fort Washington Expressway), and US Route 1.
Binswanger, a global leader in full-service commercial real estate, has been helping its clients realize their full real estate potential since 1931. Founded by real estate innovator and pioneer, Frank Binswanger Sr., the company operates with the understanding that real estate has the ability to strengthen businesses and transform communities. The company offers a variety of services benefitting both owners and occupiers including global real estate brokerage, location consulting, investment sales, tenant representation, corporate advisory, strategic consulting and a variety of management services. Having worked with more than half of the Fortune 500, the employee-owned company has long been known as the industry leader in the acquisition and disposition of industrial and commercial facilities around the globe. For more information, please visit www.binswanger.com.