LANGHORNE, P.A., Nov. 4, 2016 - Cushman & Wakefield's Capital Markets Group in Philadelphia, P.A., has orchestrated the sale of 121 Wheeler Court in Langhorne. STAG Industrial Holdings, LLC purchased the 172,647-square-foot industrial property, located in the Bucks County Business Park, from a Boston-based pension fund advisor with a national real estate portfolio.
"This is a well-maintained specialty manufacturing building with upgraded electrical capacity," said Joseph Hill, senior director with the commercial real estate services firm, who arranged the sale with team members Robert Yoshimura and Eric Mattson. "We were fortunate to procure a buyer who understands the inherent value of this single-tenant asset and its prime location."
The building is leased to Silgan Plastics Corporation, a supplier, manufacturer and distributor of plastic containers. Situated in one of Bucks County's most established business parks, the property provides convenient access to multiple regional roadways, including I-95, U.S. Route 1 and the Pennsylvania Turnpike.
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Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm's 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Evelyn Weiss Francisco