16B — July 23 - August 19, 2021 — Pennsylvania — M id A tlantic Real Estate Journal
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P ennsylvania
Somple, SIOR&Allessio rep. seller of 45.75-acre ind. campus NAI James E. Hanson inks 11 bldg. sale & partial leaseback
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REVOSE, PA — NAI James E. Hanson has negotiated the sale and partial leaseback of an 11-building, 332,400 s/f indus- trial campus on 45.75 acres located at 4636 Somerton Rd. in Trevose. NAI James E. Hanson’s Andrew Somple, SIOR , and Justin Allessio represented the seller, SUEZ Water Technologies and Solu- tions (WTS) USA, in the sale with the buyer, J.G. Petrucci Company, Inc. As part of the agreement, SUEZ USA has leased back 93,000 s/f to retain its headquarters at the prop- erty. Additionally, RLS USA, Inc., a former GE subsidiary, will lease 20,000 s/f for research and development. A mixed-use campus com- prised of office, specialized labo- ratory, and warehouse space, 4636 Somerton Rd. boasts a strategic regional location in Bucks County. Recognizing the tremendous investment oppor- tunity offered by the property, SUEZ USA, an international provider of water technologies and solutions, retained the NAI T
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4636 Somerton Rd. aerial
quickly than others,” said Somple. “The sale-leaseback has become a viable option for many businesses in today’s post-COVID environment who are looking to quickly increase their cashflow, shed extraneous real estate, and continue to successfully oper- ate their businesses. We were pleased to leverage our deep industrial market expertise to help SUEZ USA address their shifting space needs while also capitalizing on a strong market.” MAREJ
Hanson team of Somple and Allessio to secure a buyer who would agree to the terms of a sale-leaseback agreement, al- lowing SUEZ to retain their key operations on of their former Somerton Rd. headquarters. The buyer plans to demolish several of the existing office buildings and construct an industrial warehouse in their place. “The pandemic’s economic impacts are still reverberating across the country with some sectors bouncing back more
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