Advance Realty, Davis Companies Acquire MontCo, PA High Tech Facility

A joint-venture partnership of Advance Realty and The Davis Companies has acquired 2750 Morris Road, a 675,000-square-foot high-tech assembly and warehouse facility located in Lansdale, Montgomery County, PA.

Located near the northeast extension of the Pennsylvania Turnpike, 2750 Morris Road has convenient access to key arteries, including Routes 202, 309 and 63, and has direct frontage as well as visibility from the Pennsylvania Turnpike.

“2750 Morris Road offers significant in-place infrastructure at below replacement cost rents,” says Peter Cocoziello, president and CEO of Advance Realty. “Both Advance Realty and The Davis Companies have deep experience adding value to properties so they can realize their significant underlying potential, and we look forward to seeing this asset fully-leased to companies looking to take advantage of the property’s inherent value.”


Aerial view of 2750 Morris Rd., Lansdale, PA
 “In addition to a central location in Montgomery County, which boasts one of the state’s most robust economic corridors, 2750 Morris Road represents an ideal venue for companies that are looking for highly improved industrial space at competitive rents to accommodate their growth,” says Richard McCready, president of The Davis Companies.

Originally an electronics plant for the Ford Motor Co., 2750 Morris Road has approximately 570,000 square feet of climate-controlled technology, assembly, warehouse, and production space and 105,000 square feet of two-story office space.

The property has dual substation power feeds, systems for delivery of chilled water and compressed air, and five Diesel generators to provide continuous power backup without interruption.

The temperature- and humidity-controlled environment makes the facility suitable for companies seeking versatile, high-quality warehouse, manufacturing, or assembly space.

The property currently has 350,156 square feet of warehouse/manufacturing space and 70,442 square feet of office space available for lease.  Campus tenants include Vygon Corporation, Metso Corporation and Fox Bindery.


Entrance to 2750 Morris Rd., Lansdale, PA
The new ownership will reposition and re-tenant the property with a comprehensive capital improvement program that includes roofing, flooring and common area upgrades.

Christopher M. Bellapianta represented the JV partnership in the transaction. Bellapianta serves as director of finance and acquisitions for Advance Realty, a leading northeastern US owner and developer of commercial, multi-family, R&D, retail, mixed-use, and flex-space properties.

Managing director Greg Nalbandian of NorthMarq Capital arranged debt financing through Wells Fargo for this acquisition.
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