Colliers International announces the sale of a 35,150 SF industrial facility situated on 3.18 acres for $2.85M. The site, located in the Birch Run Industrial Park at 16 Hagerty Boulevard in West Chester, PA, was the former home of VF Technologies.
The buyer, Turf Equipment and Supply Co will occupy 21,670 +/- SF 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 their operation from Kennett Square, PA in the Fall of 2016 bringing new jobs and significant investment to create a first-class operation in previously vacant space and retain the excellent roster of tenants who provide professional services throughout the region.
The buyer selected the property due to its outstanding, highly-desired location at Route 202 and Matlack Street, the compatibility of the space to fit their needs, and as a stable investment opportunity.
Larry Bergen of Colliers International’s industrial division, represented the Buyer. Steve Italiano of Italiano Commercial Real Estate Services represented the Seller.
ABOUT TURF EQUIPMENT AND SUPPLY COMPANY: Turf Equipment and Supply Company http://www.turf-equipment.com is a full service turf equipment and landscape products distributor located in Jessup, Maryland, with branches in Fairfax, Virginia; Frankford, Delaware; Frederick, Maryland; and Kennett Square, Pennsylvania. They provide products and services to several segments of the green industry, representing top quality Toro residential and landscape contractor equipment to dealers in Maryland, Virginia, Washington, DC, North Carolina, South Carolina, Delaware, West Virginia, Eastern Pennsylvania and Southern New Jersey. Turf Equipment and Supply provides a broad array of products to professional contractors and commercial accounts including irrigation equipment, pump stations, pond aerators, pond construction products, landscape lighting, rainwater harvesting equipment, drainage products and allied materials.
ABOUT COLLIERS INTERNATIONAL
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Locally, Colliers International is headquartered in Philadelphia (established in 1920) and comprises six offices in the region (Philadelphia, PA; Conshohocken, PA; Harrisburg, PA; Allentown, PA; Mount Laurel, NJ; and Wilmington, DE). For the latest news from Colliers International, visit colliers.com/philadelphia, or follow us on Twitter: @ColliersPhilly and LinkedIn
