Attracted to Class A Property’s Robust In-Place Infrastructure, Marketing Production Services Company Relocates
The partnership of Advance Realty and The Davis Companies (TDC) today announced that marketing production services company Encompass Elements has signed an 87,482-square-foot lease at 2750 Morris Road, the partnership’s 675,000-square-foot, Class A, office and manufacturing center in the Philadelphia suburb of Lansdale, Pennsylvania.
Encompass Elements, which is relocating its digital print and production operations to 2750 Morris Road from Colmar, Pennsylvania, is the latest tenant to benefit from the property’s robust in-place infrastructure. In July, graphic communications company Great Atlantic Graphics also relocated to the property.
Advance and TDC recently completed extensive, strategic capital improvements, including the installation of new building systems, a new roof, upgrades to common areas, new lighting, enhanced landscaping, additional parking and exterior wayfinding signage throughout the entire complex.
“As we searched for a new home for our digital print and production operations, it quickly became clear that 2750 Morris Road was a cut above the rest,” said Mary Fox Donnelly, president and CEO of Encompass Elements. “In our new space, we have access to state-of-the-art facilities and infrastructure that will allow our company to not only perform at its best, but continue to grow in the years to come.”
The Montgomery County property, originally an electronics plant for Ford Motor Co., features heavy power generation, 100-percent HVAC and state-of-the-art humidity control systems. It also boasts dual substation power feeds, chilled water and compressed air delivery systems and five diesel generators. Its temperature- and humidity-controlled environment makes it particularly well-suited for companies seeking versatile warehouse, manufacturing or assembly space.
Advance Realty Director of Asset Management Barry Quiner and the CBRE team of Senior Vice President Paul Touhey and Associate Andrew Green represented ownership in the transaction. Their counterpart in the deal was Jason Dempsey, owner of Dempsey Development & Brokerage, who represented Encompass Elements.
“Attracting another high-quality tenant such as Encompass Elements further affirms our decision to build on the site’s impressive infrastructure and transform it into the region’s premier facility for climate-sensitive production and manufacturing,” Quiner said. “For companies like Encompass who are looking to expand, 2750 Morris Road offers a unique opportunity. We’re extremely happy to have them as a tenant.”
Mark Bush, senior vice president of The Davis Companies stated: “2750 Morris Road has distinguished itself as one of the premier destinations for office and manufacturing space in the Northeast, and we are thrilled to welcome Encompass Elements to our flourishing complex. Their lease is the latest in a string of world-class companies to relocate to 2750 Morris Road.”
Located nine miles from Philadelphia, 2750 Morris Road sits on 84 beautifully landscaped acres and offers prime access and signage opportunities off the Pennsylvania Turnpike at Exit 31, as well as Routes 202, 309 and 63. Conveniently located between King of Prussia, Plymouth Meeting, Center City, Philadelphia International Airport and the Lehigh Valley, the property is proximate to a variety of shops, services and dining options.
Following the leases with Encompass Elements and Great Atlantic Graphics, the manufacturing space at 2750 Morris Road is 70-percent occupied. Other tenants include Valmet, Vygon USA, and Fox Group. In addition to offering in-place, state-of-the-art infrastructure, the remaining 165,000 square feet of available space features 21-foot ceiling heights and is approved for loading. Additionally, the building features 70,000 square feet of premier office space, divisible to 5,000 square feet.
About Advance Realty
Advance Realty is a privately owned real estate development, investment and management company headquartered in Bridgewater, N.J. Since its inception in 1979, Advance Realty has acquired or developed more than 10 million square feet of commercial, residential, R&D, industrial and mixed-use projects. Today, the company owns, manages and invests in a diversified portfolio of office, retail, industrial, residential and mixed-use assets in key urban and suburban markets along the Northeast Corridor. The company actively pursues real estate investments that provide opportunity to enhance value through development, repositioning and redevelopment. Advance’s strong capital base, fully integrated platform, outstanding talent and flexibility as a privately held organization position the company for continued growth. For more information, visit www.advancere.com.
About The Davis Companies
Committed to excellence in both investment performance and operations, The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested more than $4 billion in gross asset value through real estate equity, debt, and fixed-income securities. A unique combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex and contrarian opportunities. Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 12 million square feet across the Eastern United States.