Thursday, September 25, 2014

Gwynedd Valley Tech Ctr Sold

A joint venture between Advance Realty and The Davis Companies acquired the Gwynedd Valley Technology Center at 2750 Morris Rd. in Lansdale, PA from Equus Capital Partners.

The single-story, 675,000-square-foot industrial building was constructed in 1927 in the East Montgomery County Industrial submarket of Philadelphia. The high-tech assembly and warehouse facility features 15 loading docks and two drive-ins, 23-foot clear heights, six-inch floors, and 70,000 square feet of office build-out. Occupancy was 39 percent at time of sale.

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