{"id":1004294864,"date":"2019-01-29T07:15:09","date_gmt":"2019-01-29T15:15:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004294864"},"modified":"2019-01-29T07:15:09","modified_gmt":"2019-01-29T15:15:09","slug":"endurance-real-estate-acquires-24m-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/","title":{"rendered":"Endurance Real Estate Acquires $24M Industrial Asset"},"content":{"rendered":"
\"450<\/a>

450 Winks Lane<\/p><\/div>\n

Endurance Real Estate Group has purchased a 430,373-square-foot warehouse and distribution facility in Bensalem, Penn., through an affiliate, for $23.7 million. Ivy Realty sold the asset, after initially acquiring it in 2017 for $13 million, according to Yardi Matrix data.<\/p>\n

The property is located at 450 Winks Lane, with immediate access to interstates 95, 295 and 276 (Pennsylvania Turnpike). The Class B property, constructed in 1975, received thorough renovations in 2018, including a new roof, upgrades to the building\u2019s mezzanine and landscaping. The warehouse\/distribution facility features clearance heights ranging from 28 to 40 feet, LED and T-5 lighting, 38 dock-high loading doors, 6 drive-in doors and 13,200-amp, three-phase electric service. The warehouse is currently 97.4 percent leased to three tenants (National Refrigeration, Rolled Metal Products and Brenner Aerostructures), which recently renewed their leases.<\/p>\n

\u201cOur team spent the past nine months working with the seller to coordinate the sale of this highly-desirable property to a leading real estate, investment and development company in Philadelphia. The newly-renovated complex boasts three long-standing tenants with extended, rent-stabilized leases, and offers accessibility to a sought-after suburban location supported by a rich, diverse labor pool in one of the nation\u2019s most populous metropolitan regions,<\/em>\u201d said Gerry Blinebury, executive managing director at Cushman & Wakefield Capital Markets, in a prepared statement.<\/p>\n

Healthy market<\/h2>\n

Blinebury, together with Senior Associate Jonas Skovdal, Vice Chairman Gary Gabriel and Managing Director Kyle Schmidt brokered the sale on behalf of Ivy Realty. Cushman & Wakefield\u2019s Capital Markets team recently facilitated another transaction in Pennsylvania, the acquisition of a 507,634-square-foot warehouse in Mechanicsburg<\/a>, Penn. by Penwood Select Industrial Partners.<\/p>\n

According to Cushman & Wakefield, Bensalem is a market with a history of high industrial occupancy. The greater southeastern Pennsylvania market currently has a vacancy rate of 3.2 percent, and some submarkets, such as Lower Bucks County, have vacancies as low as 1 percent.<\/p>\n

Photo courtesy of Cushman & Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The property is situated within a short distance to interstates 95, 295 and 276. Previous ownership renovated the property in 2018 and renewed long-term leases for the three tenants.<\/p>\n","protected":false},"author":1284,"featured_media":1004294879,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742,10,1494],"tags":[32799,38596,37330],"class_list":["post-1004294864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-northeast","category-philadelphia","tag-cushman-wakefield","tag-endurance-real-estate-group","tag-ivy-realty"],"acf":[],"yoast_head":"\nEndurance Real Estate Acquires $24M Industrial Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Endurance Real Estate Acquires $24M Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"The property is situated within a short distance to interstates 95, 295 and 276. Previous ownership renovated the property in 2018 and renewed long-term leases for the three tenants.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-29T15:15:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/450-Winks-Lane.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2249\" \/>\n\t<meta property=\"og:image:height\" content=\"1500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/\",\"name\":\"Endurance Real Estate Acquires $24M Industrial Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/450-Winks-Lane.jpg\",\"datePublished\":\"2019-01-29T15:15:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/450-Winks-Lane.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/450-Winks-Lane.jpg\",\"width\":2249,\"height\":1500,\"caption\":\"450 Winks Lane\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Endurance Real Estate Acquires $24M Industrial Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\",\"name\":\"Tudor Scolca\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"caption\":\"Tudor Scolca\"},\"description\":\"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/tudor-scolca\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Endurance Real Estate Acquires $24M Industrial Asset - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/","og_locale":"en_US","og_type":"article","og_title":"Endurance Real Estate Acquires $24M Industrial Asset","og_description":"The property is situated within a short distance to interstates 95, 295 and 276. Previous ownership renovated the property in 2018 and renewed long-term leases for the three tenants.","og_url":"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-01-29T15:15:09+00:00","og_image":[{"width":2249,"height":1500,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/450-Winks-Lane.jpg","type":"image\/jpeg"}],"author":"Tudor Scolca","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/","name":"Endurance Real Estate Acquires $24M Industrial Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/450-Winks-Lane.jpg","datePublished":"2019-01-29T15:15:09+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/450-Winks-Lane.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/450-Winks-Lane.jpg","width":2249,"height":1500,"caption":"450 Winks Lane"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/endurance-real-estate-acquires-24m-industrial-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Endurance Real Estate Acquires $24M Industrial Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d","name":"Tudor Scolca","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96","caption":"Tudor Scolca"},"description":"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.","url":"https:\/\/www.commercialsearch.com\/news\/author\/tudor-scolca\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/450-Winks-Lane.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004294864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1284"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004294864"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004294864\/revisions"}],"predecessor-version":[{"id":1004294915,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004294864\/revisions\/1004294915"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004294879"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004294864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004294864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004294864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}