$60M Industrial Park in Suburban Philly Hits Key Milestone

by John Jordan Globest.com
Pennridge Development Partners reports it has completed the first building in its $60-million master-planned Pennridge Airport Business Park here.

The business park, located at 1100 Ridge Road in Perkasie, Bucks County, PA is currently one of the only master-planned, multi-phase developments in suburban Philadelphia. Building 1, a 100,000-square-foot tilt-up construction industrial facility is now complete and awaiting tenant specific improvements. while adjacent to it the site for Building 2 is fully entitled, pad-ready, and able to accommodate more than 100,000 square feet.
At full build-out, the campus will contain six buildings of approximately 700,000 square feet. Proposed plans call for a walking trail, hotel and brew pub.

Situated on the grounds of the Pennridge Corporate Airport, Pennridge Airport Business Park provides access to the one of the region’s largest corporate airports and a 4,215’ paved runway. The site is located less than three miles from Route 309, which provides access to I-476 via both the Lansdale Interchange and the Quakertown Interchange. Route 309 also provides access to the Lehigh Valley and both I-78 and I-276, Pennridge Development states.
“Building 1 of the Pennridge Airport Business Park is the culmination of many years of hard work and could not have been achieved without the support of individuals from Perkasie Borough and the State of Pennsylvania. This is an exciting project which we are confident will bring jobs and industry to Perkasie Borough.” an official from property developer Pennridge Development Enterprises states.

On hand at the groundbreaking ceremony held earlier this month were: Robert Brink, president of Pennridge Development Enterprises; Pennsylvania Senator Steve Santarsiero, Pennsylvania State Representative Craig Staats, Aliyah Stanger of the PA Department of Community and Economic Development and Perkasie Borough Manager Andrea Coaxum.
www.omegare.com