Colliers International Closes Industrial Property Sale
- Aug 10, 2016
Turf Equipment and Supply Co. paid approximately $2.8 million to acquire the 3.2-acre site, which formerly housed VF Technologies.
The company will occupy about 21,670 square feet of clear-span, crane-served space with contiguous offices. The balance of the building is a two-story office structure fully occupied by professional services tenants.
Turf Equipment and Supply will relocate its operations from Kennett Square, Pa., in the fall of 2016, bringing new jobs and significant investment to a portion of previously vacant space, while retaining the roster of tenants who provide professional services throughout the region. The property is conveniently located at Route 202 and Matlack Street.
Larry Bergen of Colliers International’s industrial division represented the buyer. Steve Italiano of Italiano Commercial Real Estate Services represented the seller.
Image courtesy of Colliers International