JV Acquires 675,000 SF High-Tech Assembly And Warehouse Facility

LANSDALE, PA. — A joint venture partnership between Advance Realty and The Davies Companies has acquired 2750 Morris Road, a 675,000-square-foot high-tech assembly and warehouse facility in Lansdale. The facility features 570,000 square feet of climate-controlled technology, assembly, warehouse and production space and 105,000 square feet of two-story office space. Additionally, the property features dual substation power feeds, systems for delivery of chilled water and compressed air, and five diesel generators that are capable of providing continuous power to the entire building without interruption. Current tenants include Vygon Corp., Metso Corp. and Fox Bindery. The property also has 350,156 square feet of warehouse/manufacturing space and 70,442 square feet of office space available to lease. Christopher Bellapianta of Advance Realty represented the joint venture partnership in the transaction. Greg Nalbandian of NorthMarq Capital arranged debt financing through Wells Fargo for this acquisition. Additionally, Paul Touhey, Brian Smyth and Drew Green of CBRE have been retained to lease the property.