West Coast-Based 3rd Party Logistics Provider Leases 184,611 Sq. Ft. in Bucks County (Suburban Philadelphia), PA
Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm, announced that it represented FellowShip Warehousing & Logistics LLC (“FellowShip”) in leasing the modern one-story facility of approx. 184,611 sq. ft. situated on 11.88 acres located at 3001 Frost Road, Keystone Park, Bristol Township, Bucks County, PA.
The building, which is owned by EQT Exeter who were represented by Tilghman Rouse in negotiations, offers FellowShip 28'-30’ clear ceiling heights, 28 tailgate loading docks and a drive-in door, 15,000 sq. ft. of offices, an ESFR sprinkler system, and extensive automobile and trailer parking.
Superbly located in Keystone Park, Bucks County’s premier business park, at the Route 413 Interchange of Interstate 95, the property offers convenient access to the Pennsylvania Turnpike (Exit 351 Bensalem and Exit 358 Delaware Valley), only minutes away, as well as the New Jersey Turnpike. Route 295 and New Jersey are quickly accessed via the Burlington Bristol and Betsy Ross Bridges as well.
Frank Roddy, President of Roddy Inc. who represented FellowShip, advised that the term lease calls for an aggregate rental in excess of $15,000,000.
FellowShip Warehousing & Logistics – headquartered in California – offers a wide range of logistics services to help get businesses' products to the market on time, all the time. Through a robust and high-end warehouse management system and state-of-the art scanning equipment, FellowShip’s systems provide its customers full visibility of their inventory as it is received, shipped, and everything in between. From order to doorstep, FellowShip offers the latest technology, agile expertise, and unbeatable customer service to create a seamless experience.
EQT Exeter, the real estate division of EQT Group AB, is among the largest real estate investment managers in the world, focused on acquiring, developing, leasing, and managing logistics/industrial, office, life science and multifamily properties. With nearly 40 offices across North and South America, Europe, and Asia, EQT Exeter combines its local execution and global scope to deliver superior real estate solutions to its tenants while providing its investment partners with some of the industry’s leading and most consistent value-add, core-plus and core returns, as proven against prominent global benchmarks. Approaching 250 million sq. ft. of commercial property under management, EQT Exeter is a real estate partner to more than 1,200 tenants, from global distributors to local entrepreneurs.
Headquartered in Bensalem, Bucks County, PA, Roddy Inc. is a marketer, manager, and developer of industrial and commercial real estate throughout Eastern PA and Southern NJ. Their clients include regional, national, and international companies and financial institutions. For more information about the company, visit the corporate website www.roddyinc.com.
For further details, contact Francis T. Roddy at (215) 245-2600 or FAX (215) 245-2670.