Colliers is pleased to announce the recent sale of 1901 Hartel Street, a 40,000-square-foot warehouse of the Bucks County industrial market to McCarthy Tire.

The buyer, McCarthy Tire, is a family-owned tire service company that specializes in tire and mechanical services for commercial, industrial, off-the-road (OTR), intermodal and passenger vehicles. It currently has more than 50 locations in Pennsylvania, New York, New Jersey, Maryland, West Virginia, Virginia, North Carolina, South Carolina and Georgia.

This transaction was noteworthy due to its completion during the peak of COVID-19 uncertainty. The Buyer was an essential business and could continue service to its client base.

The property offers immediate access to the PA Turnpike and the newly completed interchange to I-95 and is located only minutes from NJ.

Jim Scott of Colliers’ Philadelphia office was the sole broker in the transaction.

About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide

expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.