Roddy Inc. brokers renewal and expansion of lease in Philadelphia

Philadelphia, PA — Roddy Inc, the Bensalem, PA industrial and commercial real estate brokerage firm, announced the renewal and expansion of a lease at 2191 Hornig Rd., Philadelphia, PA.

Robert Olender of Roddy Inc. negotiated the lease to Daikin Comfort Technologies Distribution Inc on behalf of BAN RBC III LLC, an entity related to Northbridge Partners.

Robert Olender advised “Daikin and their predecessor Goodman Manufacturing has occupied the building since 2007. Initially occupying 26,000 s/f at the property, the company has expanded its operations at the prime Northeast Philadelphia location and now occupies the entire 52,400 square foot facility.”

In Bensalem, Roddy Inc., completed an investment sale covering a 66,613 s/f manufacturing facility located at 1726 Woodhaven Dr., Woodhaven Industrial Park, Bensalem.

Roddy Inc. represented Blackwood Creek, LLC in the sale to Keynet Equities. Keynet, a private real estate investment firm, was looking to expand its industrial portfolio in PA after recently acquiring similar properties in NJ. Keynet acquired the property subject to a term lease with National Towelette, a prominent manufacturer of wet wipes. The purchase represents a strategic addition to Keynet’s industrial portfolio.

The modern one-story facility features heavy-duty electrical service and is fully heated and sprinklered. The building’s 30,000 s/f production floor is 100% air-conditioned. Strategically located in Lower Bucks County, just north of the Philadelphia city line, the property enjoys excellent access to the regional highway system and is within walking distance to light rail and bus stations.

Roddy Inc. served as the broker in the transaction, with Olender leading the effort.

Roddy’s methodical approach to marketing and unrivaled market knowledge attracted a significant pool of qualified investors, resulting in optimal terms for the seller. Robert Olender advised, “The transaction highlights that despite recent headwinds in capital markets, there continues to be a robust demand for high-quality industrial properties, leased to tenants with strong financials.”

Sean Durkin of Roddy, recently announced that it represented Habitat for Humanity of Bucks County in extending their lease of 26,389 s/f within the Langhorne Square Shopping Center located on E. Lincoln Highway, Levittown, Bucks County.

Habitat for Humanity of Bucks’ mission is to build affordable homes, better lives, stronger families, and safer revitalized communities through partnerships with people and organizations throughout Bucks County. Habitat for Humanity of Bucks County has an open-door policy: All who believe that everyone needs a decent, affordable place to live are welcome to help with the work and they accept volunteers and supporters from all backgrounds who are willing to serve people in need of decent housing. The organization plans to use the space for a Habitat for Humanity ReStore, providing for the sale and display of construction materials, furniture, and household furnishings to the local community. Revenue from Habitat ReStore provides a source of sustainable funding for the construction and repair of homes throughout the county.

The Habitat Bucks Homeownership Program provides an opportunity for low-income families to increase their independence and economic well-being through home ownership and educational opportunities.