{"id":1004232448,"date":"2018-05-30T07:34:16","date_gmt":"2018-05-30T15:34:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004232448"},"modified":"2022-12-08T17:42:28","modified_gmt":"2022-12-09T01:42:28","slug":"cw-tapped-to-lease-pa-industrial-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cw-tapped-to-lease-pa-industrial-facility\/","title":{"rendered":"C&amp;W Tapped to Lease PA Industrial Facility"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004232458\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/2750-Morris-Road-Lansdale-Pa..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004232458\" data-attachment-id=\"1004232458\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cw-tapped-to-lease-pa-industrial-facility\/2750-morris-road-lansdale-pa\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/2750-Morris-Road-Lansdale-Pa..jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"2750 Morris Road, Lansdale, Pa.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;2750 Morris Road, Lansdale, Pa.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/2750-Morris-Road-Lansdale-Pa..jpg?w=400\" class=\"wp-image-1004232458 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/2750-Morris-Road-Lansdale-Pa..jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/2750-Morris-Road-Lansdale-Pa..jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/2750-Morris-Road-Lansdale-Pa..jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004232458\" class=\"wp-caption-text\">2750 Morris Road, Lansdale, Pa.<\/p><\/div>\n<p>Advance Realty and The Davis Cos. have tapped Cushman &amp; Wakefield to handle leasing for 2750 Morris Road, a Class A warehouse and distribution facility in Landsale, Pa.<\/p>\n<p>The two owners invested more than $5 million to reposition the building to meet Class A standards, which included the installation of 23 additional loading docks; the construction of a new 125-foot truck court; new building systems, lighting, parking, roof and circulation; and the inclusion of a grab-n-go cafe and conference center. The temperature and humidity controlled asset currently has 85,444 square feet of office and 292,668 square feet of warehouse\/manufacturing space available, divisible to 152,820 square feet, 139,848 square feet and 37,226 square feet. The property is within close proximity to Interstate 476 and Routes 202, 309 and 63.<\/p>\n<h2>Sales team<\/h2>\n<p>Cushman &amp; Wakefield&#8217;s Senior Director Jeffrey Williams and Senior Associate Jonas Skovdal are leading the leasing team.<\/p>\n<p><em>\u201cThe ever-evolving world of e-commerce has greatly benefited the Southeastern Pennsylvania industrial market,\u201d<\/em> said Skovdal, in a prepared statement.<em> \u201cOver the past 12 to 18 months, there has been a significant increase in tenant demand for well-located, infill warehouse\/distribution and manufacturing space to better service the Philadelphia population.\u201d<\/em><\/p>\n<p>Cushman &amp; Wakefield continue to be active in the Philadelphia market. Earlier this month, the firm represented a&nbsp;joint venture between&nbsp;Henley Holding Co. and the Public Sector Pension Investment Board, in its disposition of a <a href=\"https:\/\/www.commercialsearch.com\/news\/penwood-grabs-508-ksf-warehouse-in-pa\/\">507,634-square foot warehouse in Mechanicsburg<\/a>, Pa.&nbsp;Penwood Select Industrial Partners bought the property, which is&nbsp;fully occupied by Exel Global Logistics.<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Advance Realty and The Davis Cos. own the 675,000-square-foot property at 2750 Morris Road in Lansdale, which recently underwent a $5 million repositioning.<\/p>\n","protected":false},"author":746,"featured_media":1004232458,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,10,1494],"tags":[37332,32799,35120],"class_list":["post-1004232448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-northeast","category-philadelphia","tag-advance-realty","tag-cushman-wakefield","tag-the-davis-companies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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