Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHILADELPHIA-Light World, a Providence, RI-based retailer, has leased a 14,000-sf property in Bensalem, PA, which it will renovate into a showroom. The owner of the property at 4265 Street Rd. is Liberty Properties of Trevose (PA), LLC.

The length the lease is undisclosed, but the total rental is in excess of $780,000. The building is a two-story, 16,400-sf property, and Light World will occupy the entire first floor.

Light World sells to building contractors, renovation companies and consumers. In its new location, it plans to expand beyond chandeliers, table lamps and other lighting treatments to additional home accessories, including mirrors, furniture and art work.

The showroom’s grand opening is scheduled for this November.

Philadelphia-based Binswanger/CBB negotiated the lease on behalf of both the property owner and tenant. Frank J. Cullen of Realty Group East, a division of Binswanger, handled the transaction.

Meanwhile, Clive G. Mendelow, vice chairman and chief operating officer of Binswanger/CBB, is elected to full fellowship in the Royal Institute of Chartered Surveyors in London.

At the same time, Binswanger also has formed a team targeted specifically to the semiconductor industry in anticipation of a turnaround for that business sector worldwide, including in Brazil, the UK and Japan.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.