5C — October 10 - 23, 2014 — Pennsylvania — M id A tlantic
Real Estate Journal
www.marejournal.com
www.marejournal.com P ennsylvania S potlight E astern PA In the heart of Philadelphia’s technology and life sciences marketplace Colliers International | Philadelphia facilitates sale of high-tech building for $18.3m million M id A tlantic Real Estate Journal — Pennsylvania — October 10 - 23, 2014 — 5C
ANSDALE, PA — Col- liers International - Philadelphia re- cently concluded the sale of a 675,608 s/f high-tech ware- house/manufacturing/office building in the heart of the strong Philadelphia technol- ogy and life sciences market- place. The property, located at 2750 Morris Rd., Lansdale, sold for $18.3 million. The Colliers team, led by Carl Neilson , SVP of capi- tal markets, included Barry Greenberg , Michael Go- larz and Larry Bergen , represented Morris Road Investors, L.P. an affiliate of Equus Capital Partners . The property was purchased by a joint venture between Advance Realty of Bridge- water, New Jersey and The L
Davis Companies of Boston, Massachusetts. Colliers was the sole broker in the trans- action. 2750 Morris Rd. is a dis- tinctive climate controlled manufacturing, lab, phar- maceutical packaging and warehouse building with class A office space. It includes dual substation power feeds, a 10 megawatt power plant, and 1,397 parking spaces. It has been repositioned as a multi- tenant tech park designed to meet the needs of the most active tenants in the market. The property can accommo- date tenants from 10,000 to 400,000 s/f making it uniquely suited to capture the growing high tech marketplace which includes over 10,000 firms and 170,000 jobs. n
Celebrating over 20 years of Engineering Excellence
2750 Morris Rd.
Industrial Opportunities
Celebrating over 20 years of Engineering Excellence!
QUALITY • COMMITMENT • PERFORMANCE
602 S 10th St Up to 80,000 SF fabrication space available in this industrial complex. Features include: 40’ ceiling height, 1,200 amp 480-277 volt 3 phase electric, 3 drive in doors, use of 4 dock doors with interior staging area, fenced property, public utilities, low taxes, dry sprinkler system, four crane assemblies, 10,000 SF office space available. 4 miles from I-78 / Lehigh Street Exit.
6845 Snowdrift Rd 92,000 SF Sublease Opportunity in Iron Run Industrial Park, Near Two I-78 Exits & PA Tpke.- NE Extension. Features: High R & D finish, RR siding, 4,000 amp service, several dock doors, ample employee parking, UPS power, wet sprinkler, 24’ ceiling, small clean room area, can convert to dual tenant bldg. Lots of extras at a reasonable rate.
Subsurface Investigations • Construction Inspection and Testing Geotechnical Design & Analysis • Environmental Site Assessments and Remediation • Clean Fill Testing • Carbonate Site Assessments Stormwater Infiltration Testing • Laboratory Soils Testing www.earthengineering.com Corporate Headquarters: 610-277-0880 • Lehigh Valley: 610-967-4540 Central PA: 717-697-5701 • South Jersey: 856-768-1001
7036 Snowdrift 7036 Snowdrift Rd., Iron Run Industrial Park, Fogelsville/Allentown, PA. 17,094 SF unit, 21’ ceiling height, 1,200 amp electric service, fully air conditioned space, deep truck court, compressed air lines, & some I-78 visibility.
Fuel Injection – two building site Excellent Highway Visibility! 9,250 SF and 7,500 SF buildings on 2.28 acre and 0.65 acre lots. Buildings offer 12’ ceiling height, concrete block, stucco, steel frame construction built 1978, drive in shop, 3 phase electric, on site well and septic. Zoning Highway Commercial with easy access to Routes I-78, Route 309, 22 and PA Turnpike. Sale Terms Offered.
Hawley Realty Inc. www.hawleyrealty.com Call: 610-398-4000
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