C&W Facilitates Philly-Area Industrial Sale
- Nov 09, 2016
Langhorne, Pa.—Cushman & Wakefield’s Capital Markets Group has recently arranged the sale of a 172,647-square-foot industrial asset located in Langhorne, Pa., in the Delaware Valley, roughly 27 miles from Philadelphia.
STAG Industrial Holdings LLC acquired the property located at 121 Wheeler Court, within the Bucks County Business Park, from a Boston-based pension fund advisor with a national real estate portfolio. The facility is currently leased to Silgan Plastics Corp., a supplier, manufacturer and distributor of plastic containers, and offers easy access to multiple regional roadways, including I-95, U.S. Route 1 and the Pennsylvania Turnpike.
“This is a well-maintained specialty manufacturing building with upgraded electrical capacity,” Joseph Hill, senior director with Cushman & Wakefield, said in a statement. “We were fortunate to procure a buyer who understands the inherent value of this single-tenant asset and its prime location.” Hill arranged the sale alongside team members Robert Yoshimura and Eric Mattson.
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