January 12, 2015 [Bala Cynwyd, PA] – An affiliate of Endurance Real Estate Group is pleased to announce it has completed redevelopment upgrades and renovations to 960 Harvest Drive, Building B in Blue Bell, PA. The 130,000-square-foot office park was purchased in September of 2013 with the strategic plan to significantly update the interior and add amenities in order to attract Class “A” tenants. Building B was the first building to undergo the planned transformation and work started this past summer. The result: Building B has already leased up approximately 16,000 square feet of office space to two local companies, Halfpenny Technologies and Gen 3 Marketing seeking to upgrade their corporate image as part of their growth. The building’s new look and quality upgrades were a major draw.
Endurance’s strategy involved upgrading the interior aesthetics and functionality of the lobby, common areas, and bathrooms, adding amenities such as a gym, and outfitting the building with new, more technologically advanced and energy efficient building systems. The building systems and common areas had not been renovated since their original development and, as such, this renovation has made a dramatic difference in the appeal of the buildings. Endurance is now in the process of doing the same upgrades for Building A in the park.
“We are very pleased with the high level of broker and tenant interest indicated by the number of tenant prospect inspections we have seen as a result of modernizing the buildings,” stated Benjamin Cohen, President of Endurance. “Even after the costs to modernize and upgrade the building, our basis in the property allows us to offer tenants tremendous value at more aggressive rental rates than our competition in the market” he added.
John Susanin and Kyle Hilbert of Colliers International represented Endurance Real Estate Group, LLC on behalf of the landlord and Dave Butera of Gola Corporate Realty represented both Halfpenny and Gen 3 Marketing with negotiations on the tenant side.
960 Harvest Drive is comprised of two 2-story and one single story office buildings. The campus-like, private setting and access to major roadways and amenities makes the property attractive to all corporate clients. Boasting expansive window lines, classic, brick facades with modern interior finishes and expansive parking, Endurance Real Estate Group has created one of the most attractive office locations in Suburban Philadelphia.
About Endurance Real Estate Group, LLC
Endurance Real Estate Group maintains a position as a leader in the development, acquisition, construction, leasing and management of office and industrial facilities throughout the Mid-Atlantic region. The company's strong commitment to providing quality facilities and flexibility to serve the diverse mix of tenants, regardless of the size, has attracted clientele composed of local, national and international corporations. Endurance currently owns and manages over 4.2 million square feet of real estate.