Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FORT WASHINGTON, PA-Dani Pipano, founder, owner and principal of Gate 1 Travel, has acquired the 51,000-sf office building at 455 Maryland Dr. in the Fort Washington Business Center for $4.2 million, which translates to $82.35 per sf. The travel company will relocate from its current headquarters in Glenside.

The seller is a private real estate investment partnership identified as 455 Maryland Drive Associates. Richard Smith, a principal of locally based Avir Realty Group Inc., represented the seller. Safeguard Business Forms, a unit of the Dallas-based distributor of printed materials for small business, previously occupied the single-story building, Smith says. It is located on 5.5 acres.

Abington-based Mutual Real Estate Corp. represented Pipano in finalizing the purchase agreement. Pipano founded Gate 1 Travel in Glenside in 1981 with a staff of two. The company now employs a staff of hundreds worldwide and has grown to become one of the leading international travel organizations in the Delaware Valley.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.