Robert Olender of Roddy orchestrates $2.2 million sale

May 20, 2015

 

Pennsauken, PA — Roddy Inc. represented 945 Sherman Holdings, LLC in the purchase of 945 Sherman Ave., Pennsauken Industrial Park, Pennsauken from The Lorraine G. Conolly Family Trust.

The 66,585 s/f building is situated on 3.5 acres, features 13 tailgate doors and 18,429 s/f of air conditioned controlled and insulated warehouse space.  The property is located in the Pennsauken Industrial Park with excellent access to Rtes. 130, 73, 90 and the Betsy Ross Bridge.

Robert Olender of Roddy Inc. represented the purchaser, 945 Sherman Holdings for $2.2 million and the facility will be occupied by Stay Fresh Foods.

In a second transaction, Roddy Inc. represented Salem Steel NA, LLC in leasing a 13,500 s/f portion of the 70,000 s/f modern one-story building located at 2101 Green Ln., Bristol Commerce Center, Bristol, PA from Green Lane Properties LLC, represented by Andrew McGhee of Colliers International.

Sean Durkin of Roddy Inc. advised Salem Steel leased the property to accommodate the company’s continued growth and intends to use the space for a warehouse/distribution center.

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