Binswanger Secures Industrial Lease Tenant For 5058 Bristol Pike in Bristol
This is Binswanger’s second 50,000+ SF transaction along this section of Bristol Pike in less than a year
Philadelphia, PA – October 7, 2021 – Binswanger Commercial Real Estate Services, an innovator in commercial real estate since 1931, today announced that it has secured a tenant, Equipment Services, LLC for a 5-year lease of the industrial property at 5058 Bristol Pike in Bristol. The transaction was brokered through Binswanger’s Mid-Atlantic office and led by Vice President and Broker, Jason Ostach with Partner and Senior Vice President Chris Pennington. The industrial lease, which extends through November of 2026, provides a new headquarters for Equipment Services, LLC allowing them to house all their multifaceted operations under one roof.
The transaction is the latest in a string of successes for Binswanger along PA Route 13 including a recent transaction for 6200-6240 Bristol Pike (less than .5 miles away from this site which was leased by Amazon). Ostach and Pennington are also currently representing two additional nearby sites, more toward the Morrisville/Fairless Hills area.
“While the industrial market is experiencing tremendous momentum nationwide, it’s particularly true in these areas northeast of Philadelphia,” stated Jason Ostach. “Given the nature of Equipment Service’s business, and the property’s exposure along Route 13, this opportunity offered the ultimate blend of indoor and outdoor space that would allow Equipment Services to continue to thrive.”
About Equipment Services LLC
Headquartered in Levittown, PA, Equipment Services is one of the region’s leading providers of maintenance service, rental, and repairs of heavy equipment and construction equipment throughout the Northeast including Pennsylvania, New Jersey, New York, Maryland, Delaware, Massachusetts, and Ohio. The company services service products from JLG, Genie, Lull, Bil-Jax, Skytrak, Gradall, Case, John Deere and more. The company provides expert heavy equipment and construction equipment repairs and scheduled maintenance for everything from boom Lifts, Telehandlers, Skid Steers, Forklifts, Generators and more. For more about Equipment Services LLC, please visit https://eqsllc.com/
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.