Binswanger Announces Sale of Prime 66-Acre Industrial Site
Binswanger Selected for Major Real Estate Opportunity
Binswanger, a leader in the realm of specialized commercial and industrial real estate, has been chosen as the exclusive agent for marketing a 66-acre site at 900 Conshohocken Road. Recognized for its remarkable potential, this property boasts over 1 million square feet of existing infrastructure along the Schuylkill River.
Strategic Location and Infrastructure
This location represents a true generational opportunity, presenting one of the most spacious and well-positioned redevelopment parcels in the Greater Philadelphia region. Its Heavy Industrial (HI) zoning permits a wide variety of uses, including advanced manufacturing, logistics, and data centers, making it versatile for different redevelopment plans.
Access and Connectivity
Beyond its size, the property boasts direct rail access, an on-site substation, and several heavy-capacity cranes. This infrastructure ensures that the site is ideally suited for both manufacturers seeking robust logistics solutions and developers aiming to create a vibrant mixed-use environment.
Expert Insights from Binswanger
According to Chris Pennington, who heads the listing alongside Senior Vice President Tim Pennington, "900 Conshohocken Road offers unmatched access, visibility, and infrastructure. This site meets the demands of a rapidly changing industrial landscape and is tailored for ambitious projects." This sentiment highlights Binswanger's commitment to pairing the right buyers with this prime piece of real estate.
Local Amenities and Demand
Located just under 10 miles from Center City Philadelphia, the property is in a dynamic area that is experiencing significant commercial and residential development. It has direct connectivity to major highways, including Interstates 76, 276, 476, Route 202, and Route 422, thus making it a valuable asset for logistics and distribution companies.
Bidding Process for Interested Buyers
The seller has instituted a sealed bid process designed to attract serious and qualified buyers for this site. Interested parties will need to adhere to submission guidelines outlined in the Offering Memorandum, ensuring that all bids are competitive and meet specific criteria. Key factors for evaluation include the offer price, contingencies, timelines for closing, and the buyer's history in the industry.
About Binswanger
Founded in 1931 by the visionary Frank Binswanger Sr., Binswanger has established itself as a prominent commercial real estate advisory firm. The company focuses on industrial properties and those that require innovative strategies for development and management. This employee-owned firm leverages its expertise to create transformative solutions that benefit both businesses and communities worldwide.
Contact Information
For additional information on the offering or to submit a bid, prospective buyers can reach out to Nicole Finkbiner at 215.448.6070 or email nfinkbiner@binswanger.com. Binswanger encourages all interested buyers to explore the exciting potential this site offers.
Frequently Asked Questions
What is the size of the property being marketed by Binswanger?
The property at 900 Conshohocken Road encompasses 66 acres of land.
What types of development are allowed on this site?
The site is zoned for Heavy Industrial use and supports advanced manufacturing, logistics, and mixed-use projects.
How can interested buyers submit a bid?
Bids can be submitted according to the guidelines provided in the Offering Memorandum prepared by the seller.
Who are the leaders at Binswanger involved in this project?
Chris Pennington and Tim Pennington are leading the marketing efforts for this significant property.
What is Binswanger's focus in the real estate market?
Binswanger specializes in commercial real estate, particularly industrial spaces and properties with unique challenges.
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