Wilton, CT – Burton Real Estate (BRE), an industrial real estate investment company headquartered in Wilton, CT, has sold 500 State Road in Bensalem, PA to One Liberty Properties, Inc. for $6.2 million or roughly $74 psf. BRE, in partnership with VanRock Properties acquired the 85,000 SF in-fill industrial building in November of 2018 and immediately executed on a significant capital plan to reposition the asset. Joe Burton the president of BRE said “The capital investment allowed us to quickly stabilize the property after years of troubled tenancy.” The property was fully leased at the time of sale.
Steve Forte of HFF represented both the buyer and the seller in the transaction.
About Burton Real Estate
Burton Real Estate is a privately held real estate investment firm specializing in the acquisition, management, and potential redevelopment of both performing and underperforming properties in the United States.
About VanRock Properties
VanRock Properties is privately held real estate firm specializing in the management, consulting, repositioning and development of properties ranging all asset classes and varying sizes.