Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm, announced that it represented XTRA Lease LLC, a Berkshire Hathaway company, in the sale of their 9.91 acre property together with an approx. 5,600 SF two-story office building and approx. 2,100 SF one-story service building to Heritage Management Group, Inc., a company related to Indian River Transport Co., who were represented in the transaction by Andrew McGhee of Colliers International. Frank Roddy, President of Roddy Inc. who handled the transaction of behalf of the Seller, advised that the 9.91 acre property—conveniently located in Bensalem, Bucks County, PA at the junction of Interstate 95, Woodhaven Road (Route 63) and Bristol Pike (Route 13)—was sold to Heritage Management Group, Inc. for $1,750,000. Based in St. Louis and owned by Berkshire Hathaway, XTRA Lease LLC is a leading provider of over-the-road trailers for rent or lease in the United States and Canada. With more than 75 North American locations, the company offers a fleet of nearly 100,000 trailers, including dry vans, flatbeds, reefers, storage trailers and specialty equipment. Indian River Transport Co. is a privately owned food grade tank carrier providing transportation services throughout the United States, while also offering import/export services between the United States, Canada and Mexico. With corporate headquarters in Winter Haven, Florida, Indian River Transport’s fleet consists of over 500 tractors and 700 trailers.
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