TEVA PHARMACEUTICALS BUYS 140 ACRES FOR 1.2M SF FACILITY

PHILADELPHIA — Teva Pharmaceutical Industries has purchased 140 acres at the Omni Logistics Center, located at 1 Red Lion Road in Philadelphia, and plans to construct a 1.2 million-square-foot distribution center. John Binswanger, Clive Mendelow and Paul French of Philadelphia-based Binswanger represented Teva in the land acquisition.