Cushman & Wakefield brokers $23.7M sale of industrial complex

BENSALEM, PA —  Cushman & Wakefield has orchestrated the $23.7 million sale of a 430,373 s/f warehousing and distribution center located at 450 Winks Lane in Bensalem. The seller, a private real estate investment firm, was represented by Cushman & Wakefield’s team of Gerry Blinebury and Jonas Skovdal, along with Gary Gabriel and Kyle Schmidt of the firm’s East Rutherford-based Capital Markets team. 
“Our team spent the past nine months working with the seller to coordinate the sale of this highly-desirable property to a leading real estate, investment and development company in Philadelphia,” said Blinebury, executive managing director. “The newly-renovated complex boasts three long-standing tenants with extended, rent-stabilized leases, and offers accessibility to a sought-after suburban location supported by a rich, diverse labor pool in one of the nation’s most populous metropolitan regions.”
 

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