Friday, January 16, 2015

Endurance Real Estate Group, LLC Announces Lease Transactions at 960 Harvest Drive in Blue Bell

An affiliate of Endurance Real Estate Group is pleased to announce it has completed redevelopment upgrades and renovations to 960 Harvest Drive, Building B in Blue Bell, PA.

The 130,000-square-foot office park was purchased in September of 2013 with the strategic plan to significantly update the interior and add amenities in order to attract Class “A” tenants.
Building B was the first building to undergo the planned transformation and work started this past
summer. The result: Building B has already leased up approximately 16,000 square feet of office space to two local companies, Halfpenny Technologies and Gen 3 Marketing seeking to upgrade their corporate image as part of their growth.

The building’s new look and quality upgrades were a major draw. Endurance’s strategy involved upgrading the interior aesthetics and functionality of the lobby, common areas, and bathrooms, adding amenities such as a gym, and outfitting the building with new, more technologically advanced and energy efficient building systems. “We are really pleased with the high level of broker and tenant interest indicated by the number of tenant prospect inspections we have seen as a result of modernizing the buildings and we are now in the process of doing the same for Building A within the park.

The building systems and common areas had not been renovated since their original development and as such this renovation has made a dramatic difference in the appeal of the buildings stated Benjamin Cohen, President of Endurance.” “Even after the costs to modernize and upgrade the building, our basis in the property allows us to offer our tenants tremendous value at more aggressive rental rates compared to our competition in this sub-market.” he continued.

960 Harvest Drive is comprised of two 2-story and one single story office buildings. The campus-like, private setting and access to major roadways and amenities makes the property attractive to all corporate clients. Boasting expansive window lines, classic, brick facades with modern interior finishes and expansive parking, Endurance Real Estate Group has created one of the most attractive office locations in Suburban Philadelphia.

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