Key Takeaways
- • Ephrata-based Benchmark Construction acquired approximately 75 acres of vacant commercial land along Route 30 in West Sadsbury Township, Pennsylvania for $23 million, translating to approximately $307,000 per acre in a market-rate transaction.
- • The property, located at 3783-3975 West Lincoln Highway on the north side of Route 30 between Route 10 and Moscow Road, was previously held by an entity affiliated with Mark Bedwell and West Chester-based Bedwell Co.
- • The acquisition positions Benchmark within a high-density commercial corridor already anchored by major retailers including Walmart, Home Depot, Target, Wawa, and Chipotle, with a 60,000-square-foot Giant grocery store under construction nearby.
- • Benchmark has not disclosed specific development plans; prior marketing materials suggested a multiphase mixed-use development with six commercial pad sites and potential hotel accommodation, but these should not be interpreted as the company's stated intentions.
- • The property requires West Sadsbury Township land-development approval and remains subject to local zoning processes, leaving the final development mix and timeline uncertain.
Summary
Benchmark Construction, based in Ephrata, Pennsylvania, has acquired a 75-acre undeveloped commercial property along Route 30 in West Sadsbury Township for $23 million. The transaction, reported by the Philadelphia Business Journal, reflects continued investment in western Chester County's Route 30 corridor as commercial development accelerates in the region.
The property spans 3783-3975 West Lincoln Highway on the north side of Route 30, positioned between Route 10 and Moscow Road. Though the property carries a Parkesburg mailing address, it is located outside Parkesburg Borough proper. The previous owner was an entity affiliated with Mark Bedwell and West Chester-based Bedwell Co. A separate Wawa property adjoining the site was excluded from the transaction.
Benchmark's vice president of real estate, Mike Callahan, declined to specify the company's development intentions for the site. Historical marketing materials depicted a multiphase mixed-use development concept featuring six commercial pad sites along Route 30, including one potentially suitable for hotel use. However, these materials were prepared to showcase the property's development potential and should not be construed as Benchmark's confirmed plans.
The acquisition places Benchmark's holdings within an established commercial hub. West Sadsbury Commons, situated across Route 30, is anchored by Walmart and Home Depot. Nearby, Provco Group's Shoppes at Sadsbury includes Target, Wawa, Chipotle, and Wendy's. Additionally, a 60,000-square-foot Giant grocery store is currently under construction in the area. Before proceeding to construction, Benchmark must develop its own site plans and secure approval through West Sadsbury Township's land-development review process, leaving the property's eventual use composition and development schedule unresolved.
The property spans 3783-3975 West Lincoln Highway on the north side of Route 30, positioned between Route 10 and Moscow Road. Though the property carries a Parkesburg mailing address, it is located outside Parkesburg Borough proper. The previous owner was an entity affiliated with Mark Bedwell and West Chester-based Bedwell Co. A separate Wawa property adjoining the site was excluded from the transaction.
Benchmark's vice president of real estate, Mike Callahan, declined to specify the company's development intentions for the site. Historical marketing materials depicted a multiphase mixed-use development concept featuring six commercial pad sites along Route 30, including one potentially suitable for hotel use. However, these materials were prepared to showcase the property's development potential and should not be construed as Benchmark's confirmed plans.
The acquisition places Benchmark's holdings within an established commercial hub. West Sadsbury Commons, situated across Route 30, is anchored by Walmart and Home Depot. Nearby, Provco Group's Shoppes at Sadsbury includes Target, Wawa, Chipotle, and Wendy's. Additionally, a 60,000-square-foot Giant grocery store is currently under construction in the area. Before proceeding to construction, Benchmark must develop its own site plans and secure approval through West Sadsbury Township's land-development review process, leaving the property's eventual use composition and development schedule unresolved.
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