PHILADELPHIA-Advanced Sports Inc., a worldwide distributor of Fuji and SE racing bicycles and related equipment, bought the 70,674-sf warehouse/distribution facility at 10940 Dutton Rd. here for $1.8 million, or about $25.48 per sf. It will relocate from a facility in New Jersey.

The building is located on 5.3 acres. “The seller, SP Industries Inc., was able to dispose of excess space it could no longer utilize,” says Eustace Wolfington, SVP in the Philadelphia office of Grubb & Ellis. “The buyer will be able to sustain growth for a longer period of time since the building is expandable by 120,000 sf.” Wolfington and Timothy Brogan, VP in the King of Prussia, PA office of G&E, negotiated the transaction for both the buyer and the seller.

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