Binswanger Completes Second Multi-Million Dollar Deal in Bristol, PA in Under a Month
PHILADELPHIA, PA – August 4, 2022 – Binswanger, an innovator in commercial real estate since 1931, announced today that it has brokered the sale of a 21,812 SF industrial building to be used for granite and marble distribution/manufacturing at 3907 Nebraska Street in Newportville, PA.
Strategically located where I-295 and I-276 meet, the property offers convenient access to Veterans Highway and bridges to New Jersey.
Representing the undisclosed seller, Binswanger Vice President, Jason Ostach, and Senior Vice President & Partner, Chris Pennington sold the property to Anant Real Estate Holdings PA, LLC for the full asking price of $2.2 million. This is the second transaction the two brokers have completed in this market in less than a month.
“This transaction represents the continuous demand for logistically strong buildings along the I-95 corridor, from both buyers and tenants,” said Jason Ostach. “Given our extensive experience and transaction history in this highly competitive market, we were able to achieve the full asking price for the seller while assisting the buyer in their further expansion into the Greater Philadelphia region.”
The Levittown/Bristol area has now transformed itself and continues to be one of the top choices for major manufacturing and distribution companies such as Amazon and Kohler (Robern) to call home, due to its proximity to major markets, solid logistical access, and business-friendly climate.
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.