COMPANIES ON THE MOVE

Colliers International Philadelphia has successfully secured three new leases and one lease renewal in Bucks County. The Tannery, located in Yardley, welcomes two new office tenants, while Bucks Town Corporate Campus (Bucks Town), located on Town Center Drive in Langhorne, welcomes one new medical tenant along with a lease renewal. These transactions combined for a total of 44,200 SF and are valued at $6.25 million:

Decision Resources Group (DRG), a global information and technology services company, has signed a long-term lease and will occupy approximately 7,200 SF at the Tannery;

gr8 People, a provider of Software-as-a-Service (SaaS) collaborative recruiting platform, has signed a long-term lease to occupy over 10,000 SF at the Tannery;

Specialty Medical Practice signs a long-term lease at Bucks Town for approximately 9,000 SF;

SYKES, a leading provider of multichannel demand generation and customer engagement, has renewed its 18,500 SF lease at Bucks Town.

Matthew Shanahan of Colliers Philadelphia and Thomas Romano of Colliers Princeton successfully secured the new leases at the Tannery, owned by New York based, ML-7. DRG and gr8 People will take occupancy later this year, making the property fully occupied. Shanahan was also the landlord representative for CIII Asset Management, the owners of Bucks Town Corporate Campus. For more information on properties with availabilities, please visit www.colliers.com/philadelphia

About Colliers International

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm. Regionally, Colliers International has served clients in the Philadelphia area since 1920 and comprises six offices in the region. For the latest news from Colliers International, visit Colliers.com/Philadelphia, or follow us on Twitter: @ColliersPhilly and LinkedIn.


1211 ford road

1211 Ford Road, Bensalem – Sold

Colliers International in Philadelphia represented 1211 Ford Road Realty, LLC in the sale of the 103,000-square-foot, crane-served industrial facility at 1211 Ford Road in Bensalem. The seller purchased the vacant building and an adjacent parcel in 2016 and performed extensive renovations. The buyer, Northeast Building Products, is expanding from Aramingo Avenue in Philadelphia.


Bucks County Lease Activity June - July 2018

Information provided by Colliers International–Philadelphia

BENSALEM SQ FT

Industrial 64,505
Industrial 98,000

Grand Total 162,505


BRISTOL SQ FT

Industrial 58,800
Industrial 6,210
Industrial 3,525

Grand Total 68,535

LANGHORNE SQ FT

Industrial 18,586
Industrial 7,389
Industrial 5,987

Grand Total 31,962


WARMINSTER SQ FT

Industrial 14,400
Office 559

Grand Total 14,959