 
In May 2007 an affiliate of Endurance Real Estate Group acquired a partnership interest in 425 Privet Road and 200 Precision Drive, two Class A office and office/flex buildings totaling 196,790 RSF. Located in Horsham, PA approximately 4 miles east of exit 343 of the PA Turnpike, the properties are both visible from Route 463 (Horsham Road). The Horsham office market affords excellent proximity to numerous suburban communities, including Warrington, Doylestown, Willow Grove, Gwynedd, North Wales and Montgomeryville.
One of the highest quality single story office buildings in the Delaware valley, 425 Privet Road contains 70,290 rentable square feet. The building was completely renovated in 2001, with new HVAC, facade, roof, windows, and interior finishes. 425 Privet Road also features a 4,000 SF cafeteria and 10’ interior ceilings. The building is currently 100% occupied by Teva Pharmaceutical Industries, the world’s largest producer of generic drugs. Located on 13 acres, 425 Privet Road is approved for an additional 50,000 SF of expansion with construction on the expansion space expected to begin shortly.
200 Precision Drive is a class A, single-story office/flex building containing 126,500 rentable square feet. Renovated in 1994, the property offers a flexible floor plan, 100% air conditioned space, recent upgrades to the office space, 4:1000 parking ratio, and 16-18” ceilings in the warehouse space. The building is currently 63% leased to Finisar, the premier fiber optic sub-system manufacturer of high performance transponders. Newmark Knight Frank is currently marketing the balance of the building totaling 45,000 SF, on a regional basis with market TI packages. The space is in move-in condition and can be divided.
|
