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2750 Morris Road Lansdale

Colliers International | Philadelphia Facilitates Sale of High-tech Building for $18.3 Million

September 23, 2014 [Lansdale, PA] - Colliers International - Philadelphia recently concluded the sale of a 675,608-square-foot high-tech warehouse/manufacturing/office building in the heart of the strong Philadelphia technology and life sciences marketplace. The property, located at 2750 Morris Road, Lansdale, Pennsylvania, sold for $18.3 million.

The Colliers team, led by Carl L. Neilson, SVP of Capital Markets, including Barry Greenberg, Michael Golarz 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 Bridgewater, New Jersey and The Davis Companies of Boston, Massachusetts. Colliers was the sole broker in the transaction.

2750 Morris Road is a distinctive climate controlled manufacturing, lab, pharmaceutical 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. Tenants include Metso Corporation, Vygon Corporation and Fox Bindery.

The property can accommodate tenants from 10,000 to 400,000 square feet making it uniquely suited to capture the growing high tech marketplace which includes over 10,000 firms and 170,000 jobs.

About Colliers | Philadelphia

Colliers International in Pennsylvania, Southern New Jersey & Delaware focuses on accelerating our clients’ success by seamlessly providing a full range of services to real estate users, owners and investors. Our professionals specialize in understanding our clients’ unique business needs and offering customized real estate solutions.

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