EQT Exeter Acquires Industrial Property In Bensalem, PA For $42M

The industrial property located at 450 Winks Lane in Bensalem, PA has been sold. The transaction took place on September 2, 2021. The property, spanning 430,373 square feet, was acquired by EQT Exeter. The sale was facilitated by brokers Brad Ruppel, Mike Hines, Brian Fiumara, and Lauren Dawicki from CBRE National Partners. The sale price for the property was $42,000,000, resulting in a price per square foot of $98.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $42,000,000
• Address: 450 Winks Lane, Bensalem, PA
• Market: Bensalem, PA

The buyer, EQT Exeter, completed the acquisition of the industrial property located at 450 Winks Lane. The sellers involved in the transaction were ASB Real Estate Investments, represented by Brodie Ruland, and Endurance Real Estate Group LLC, represented by Albert Corr. The sale was successfully closed with the assistance of brokers Brad Ruppel, Mike Hines, Brian Fiumara, and Lauren Dawicki from CBRE National Partners.