Manufacturer in Bucks County Secures Future in Industrial Complex
TESCO owner Tom Lawton worried about the possibilities. If the building that housed his company was sold, the buyer could force it to move.
So Lawton took control.
TESCO bought Grundy Commons, its home since 1987, in November. The company paid just under $13.4 million for the four-building property in Bristol, according to public records.
The industrial complex, located at 925 Canal St., was built between 1880 and 1912 and originally used as a woolen mill. Its iconic clock tower welcomes visitors arriving at the nearby Bristol Train Station.
TESCO, which manufactures electric meters and related equipment, takes up nearly 200,000 of the 309,000 square feet at Grundy Commons, and 15 other light manufacturing companies take up most of the rest of the space, including a furniture manufacturer and a whiskey distiller.
By buying the building, TESCO secured its future in Bucks County for the foreseeable future.
*Article courtesy of Philadelphia Business Journal
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