B'H'

MARTIN L~EVINE REA"r-A ES'I"'A~r.I~:

116 GREENW()()I) • WYN(:()"fE, PA. 1909')
(2J5) 576-78R7
REALTOR~ Personal I)r(~fessio"(ll Service . \. 'ince /947

December 15, 1991

TO WHOM IT MAY CONCERN:

This letter is to afirm that I met Neil J. Gillespie sometime in

1987 in connection with his desire to sell a property at 2240 East
Lincoln Highway Langhorn, Pennsylvania. * At that time Mr. Gillespie
was a resident of the city of Philadelphia having an apartment at
the Wanamaker House 2020 Walnut Street.

I was retained by him as his agent in connection with the sale of the
Langhorne property. In June of 1988 the sale was consumated and this
was a substantial transaction in the sum of $1,900.000. Subsequent _tal
this sale Mr. Gillespie purchased a pr\!perry at 1107-13 West Erie Avenue
through a corporate aquisition in the name of Quality Investment
Properies, Inc. On Erie Avenue I handled the management of the property.

In all my dealings with Mr. Gillespie I found him to be a man of integrity,

well trained in business sensitive to others and in short a person of
high character and intelligence.

Signed,

~~~'---
Martin Levine

ML/w1

*(brochure attached which was prepared by Mr. Gillespie himself prior

to my being retained as his agent.)
 Prime Commercial Site
in the center of activity

Fabulous Bucks County, Pennsylvania Growth Area

Strategic Location
* At Junction of Route 1 and Route 213
* 2 Road Frontages, 2 Access Points
* Corner Lot on Oxford Valley Mall
** Several
604 foot road frontage
possibilities available from 3/4 acre to 1.3/4 acre
* Immediate availability
* frontage."
"Last Piece Available on entrance road to mall with Highway
Property Highlights

* Zoned GB - general business - many permitted commercial uses.

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* Public water and sewer in place - Middletown Township

* Gas and Electric in place - Philadelphia Electric Company (PECO)
* Two access drivewa}'s - one entrance off Route 1 and one
entrance off Mall Road.

* Directl}' in Front of the Oxford Valle}' Mall.

144 Stores including
Wanamakers Macey/sl J.C. Penney and Stern/s. Adjacent to the
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Outlet at Oxford ValleYI discount mall with TJ MAXX.

* Located 1/4 mile north of REEDMAN AUTO CENTERI world/s largest

auto dealer - 150 acres - 12 franchised makes - 2 /500 vehicles in
stock. Other major dealers - Pitcairn - 4 franchised makes and
McCafferty - 7 franchised makes plus 30 other dealers make
Langhorne one of the largest auto sales centers in the world.
Established 30 years ago as an autocenter this area draws
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customers from New York New Jersey an.d Pennsylvania.

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* Sesame Place and Royce Hotel located 1/4 mile north of site.
* Center of commercial develogment surrounded by all new
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construction

* High Traffic Area - High Visibil·ity

* Prominent corner location - 2 road frontages
* Adjacent to the on-going housing boom in Bucks County.
* Just minutes to 1-95 and PA Turngike.
* Convenient to center city Philadelphia and Princeton.
 Alternative 1
Ideal for any commercial user - 2 Frontages - 2 Access Points.
GrOUnd Lease Approx. 40,000 sq. ft. ·Pad site. •

1. Corner Lot - 2 Road Frontages - 234 foot frontage on Mall Road; 175 foot frontage at
junction of Route 1 and Route 213.

2. Completely paved and landscaped, lit by overhead fixtures, signage in place.

3. All utilities on site

4. Ready to erect your building.

Alternative 2.
Lease entire parcel approx. 76,000 sq. ft. - 2 Frontages - 2 Access Points
Ideal for auto or boat sales lot, rental lot or similar use.

1. Corner Lot 604 foot Road Frontage - 370 foot frontage at Junction of Route 1 and
Route 213; 234 foot frontage on Mall Road.

2. Permits in place for new/used car sales and repairs - turnkey operation.

3. Completely paved and landscaped, lit by overhead fixtures - signage in place.

4. 1200 sq. ft. sales office building with attached 400 sq. ft. showroom. Recently
renovated office building - central heat and A/C, wall to wall carpet/, fire and burglar
alarm, music and public address system, Merlin An phone system, 4 sales offices and
bath plus Executive Suite with large office, full kitchen and bath (available furnished if
desired). Full basement.

5. Brand new 3-bay garage w/office and waiting room, State Inspection Certified, full
second floor parts storage and employee area.

~ New block constructed building - best of everything - latest contemporary

styling, 54' x 32' , approx. 1500 sq. ft. per floor.
~ Two Lifts, 1 Wash Bay
~ Central A/C in office area
~ Fire and Burglar Alarm
~ Available with full shop equipment and all inspection equipment for turnkey
operation.
~ In-ground gasoline storage and pump (1,500 gal)
~ Fenced storage area behind garage.

Alternative 3
Build to suite on entire parcel - removal of some or all present improvements and construc­
tion of facilities to suit your needs.
 Partial List of Business in Immediate Area
Retail Restaurant Office
---------------
Charley's Place Rouse & Associates - Buckstown Corp. Cam­
Best Seafood Shanty pus
La-Z-Boy Inn Flight Penn's Grant Realty Corp. - 4 projects
Hechinger Ponderosa The Lofts
Midas Muffler Chi-Chi's Mexican Penn's Square
Eye Lab Finley's American The Courtyard
Priceless Kitchens Friendly Ice Cream Oxford Square
Toys R Us McDonalds One Oxford Valley - 8-floor office building
Speedy Muffler Roy Rogers 680 Middletown Blvd. - 3-floor office bUilding
Kids RUs Arby's Oxford Court Business Center
Today's Man Burger King many more office buildings in immediate
K-Mart area.
Pep Boys
Levitts Auto Other
Firestone
Bradleys Reedman - 12 franchised makes
Silo McCafferty - 7 franchised makes Royce Hotel
Kiddie City Pitcairn - 4 franchised makes Macro wholesale center
Atomic Tire Davis - Acura The Huge Bucks. County Business Park ­
5-star Video Yates -Saab Flynn Company
Jiffy Lube Dearden - Buick Holiday Matrix Fitness Center
West Coast Video Peruzzi - Pontiac Red Roof Inn
Meinke Muffler National Car Rental Delaware Valley Medical Center (200 bed
Sherwin Williams Many independent auto dealers hospital)
Bryn Mawr stereo Many small strip type shopping centers.
Real Estate Tax Information:
Parcel # 22-040-029-001 School Tax $1,575.09 Parcel # 22-040-040 School Tax $3,190.77
County Tax $556.95 County Tax $1.201.25
$2,132.04 (1987) 54.391.99 (1987)
Total $654303 (1987)

For further information contact: Neil J. Gillespie, P.O. Box 66, Langhorne, Pa 19047. (215) 752-5037
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OLD LINCOLN

.C.~I • II • 20' \.

TOTAL TRACT AREA • L 757 ACRES

E-"W. Ken ned y
PLAN PREPARED FOR
C-'~.'~
NEIL J.GILLESPIE
22-40-40829-1
5-744 5 MIDDLETOWN TWP,BUCKS CO., PA.
5-74452
970600
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