July 24, 2015 [Philadelphia, PA]
Colliers International has recently leased one of the last large blocks of contiguous Class A space in the Fort Washington submarket to a single user. The 75,000 SF Class “A” trophy office building at 335 Commerce Drive will become the new corporate headquarters for TruMark Financial Credit Union. They will also add a branch location with a drive-thru on-site.
TruMark Financial Credit Union selected the site because of its strategic location and great visibility. The property also offers excellent access to major roadways including the Pennsylvania Turnpike and Route 309, in a desirable office market in the heart of the Philadelphia suburbs.
“This will have a major impact on the Fort Washington office market. This transaction represents nearly 10% of Fort Washington’s Class A inventory,” said John Susanin, Senior Vice President - Colliers International. “It adds positive momentum to an already hot market that is benefiting from the relocation of several local headquarters and a growing retail corridor, helping to draw new and retain existing tenants in Fort Washington.”
Greg Soffian and Matthew Sall of Savills Studley represented TruMark Financial Credit Union. The Colliers team of John Susanin, Kyle Hilbert, and Sandy Richardson represented the owner, Somerset Properties.
Colliers was selected as the exclusive leasing agent for Somerset Properties’ five-building, 1M square-foot Fort Washington, PA portfolio in 2014. The conclusion of the TruMark lease brings their Fort Washington office portfolio to over 98% leased.
About TruMark Financial® Credit Union
Since its founding in 1939 by a handful of Bell Telephone Company of Pennsylvania employees, TruMark Financial has grown to be a leader in the credit union industry. TruMark Financial provides savings, transaction, and credit services solely for its members. In 2005, the credit union's field of membership changed to include anyone who lives, works, worships, volunteers, or attends school in the Southeastern Pennsylvania counties of Bucks, Chester, Delaware, Montgomery, and Philadelphia. Visit them on the web at trumarkonline.org
About Somerset Properties
Somerset Properties, headquartered in Lower Gwynedd, PA, is a full-service real estate company focused on development, investment and property management. Somerset Properties has regional offices located in Allentown, PA; Mount Laurel, NJ; Milwaukee, WI and High Point, NC.