February 5, 2016 [Warminster & Ivyland, Bucks County, PA] – Colliers International in Philadelphia represented Premier Properties in the leasing of its recently acquired Bucks County portfolio. The new leases include approximately 5,000 SF at One Ivybrook Boulevard, Ivyland and approximately 6,500 SF at 650 Louis Drive, Warminster. The Ivybrook lease represents Ashfield Healthcare’s expansion of their existing 52,000 SF office space at the complex, while Ackerman Security Services committed to 6,500 SF at 650 Louis Dr. as its new location in this market. These transactions represent new absorption in an otherwise slow market, a sign of positive reactions to recent capital improvements to the properties. These improvements include new high efficiency HVAC systems, landscaping and the addition of LED lights to the parking lots creates a safe and comfortable work environment for their Tenant’s employees.
Ashfield Healthcare, an International healthcare outsourcing company, was represented by Jones Lang LaSalle. Ackerman Security Services, a subsidiary of Georgia-based Guardian Security, was represented by NAI Brannen Goddard and NAI Mertz locally.
Matthew Shanahan and Barry Greenberg of Colliers International, represented Premier Properties.
Premier Properties is a privately owned and operated Real Estate Investment and management firm, specializing in mid to large tier commercial assets in primary and secondary markets. Their ability to deliver aggressive and timely execution of transactions, coupled with their turnaround expertise has resulted in delivering above market returns to investors.