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Colliers Helps Amtrak Secure New Facility in Chester Submarket

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New Long-Term Lease Will Support Planned Infrastructure Improvements along the Northeast Corridor

THORNDALE, PENNSYLVANIA, October 19, 2022 – Colliers is pleased to announce that it has facilitated a long term lease on behalf of Amtrak at 251 S Bailey Road in Thorndale, Pennsylvania. The transaction was arranged by Larry Bergen and George Wrigley of Colliers.

This new facility represents a lease commitment valued in excess of $6 million.  The space will accommodate many critical functions for America’s famed passenger rail service provider. These include materials storage, fabrication and assembly, operations and security offices and space to accommodate meeting and training sessions. 

Amtrak has been investing in the next generation of its high-speed Acela cars along the Northeast Corridor, with an infrastructure improvement plan that also includes improvements to stations, track capacity and ride quality between New York and Washington, D.C.

 “Colliers was  delighted to assist  Amtrak in this growth opportunity, one that will support customer experience as it invests in the future of rail throughout the Northeast Corridor.” said Larry Bergen, a Senior Managing Director and Principal of Colliers.

251 S Bailey Road is a 125,240 square foot facility owned by J. Loew & Associates. Eli Kahn, the Landlord’s managing partner, worked seamlessly with Amtrak to accommodate its long-term needs at this location.  Eli Kahn and his team are highly respected CRE professionals with a significant regional portfolio. 

 Amtrak’s new 66,856 square foot lease represents approximately half of the industrial facility, which is located within steps of the Thorndale Transit Line. Amtrak anticipates taking occupancy in December of this year.  


For more information, contact: 
Larry Bergen Senior Managing Director, Principal 
+1 215 928 7528 larry.bergen@colliers.com

George Wrigley Senior Associate
+1 215 928 7573 george.wrigley@colliers.com


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About Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

 

 

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Larry Bergen

Senior Managing Director

Philadelphia

Larry joined Colliers in 1980. He specializes in the sale and leasing of industrial properties (warehouse/distribution, assembly/ manufacturing, “flex” and research and development facilities) in Pennsylvania, New Jersey and Delaware. Beyond this local market, Larry represents corporate clients throughout North America, and internationally with transactional, advisory and valuation services. Larry served as co-manager of Colliers International’s Industrial division in Philadelphia.

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George Wrigley

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George is an Associate Broker with Colliers International in the Suburban Industrial division. As a member of the owner/occupier services team, George specializes in all aspects of landlord and tenant representation. His strengths lie in marketing, prospect research, and prospect development. 

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